MARKET EYE-India's Hexaware gains on expectations of earnings recovery

Tue Feb 12, 2013 1:20pm IST

Related Topics

Stocks

   

* Shares in India's Hexaware Technologies Ltd gain 1.2
percent after Macquarie and Bank of America-Merrill Lynch
upgrade their ratings on the stock, citing expectations earnings
will recover this year and valuations.   
* Bank of America-Merrill Lynch upgrades the software services
provider to "buy" from "neutral", while Macquarie upgrades its
rating to "outperform" from "underperform". 
* Hexaware reported a 25 percent fall in October-December
quarter net profit on Monday, but said sales grew 16.2 percent.
 

 (manoj.dharra@thomsonreuters.com;
manoj.dharra.thomsonreuters.com@reuters.net)
FILED UNDER:

REUTERS EXCLUSIVE

Reuters Showcase

Documents' Leak

Documents' Leak

India widens oil leaks probe to defence ministry  Full Article 

Jim O’Neill Interview

Jim O’Neill Interview

'India can become world’s fifth-largest economy by decade’s end'  Full Article 

Food Security

Food Security

India will not cut multi-billion dollar food handout programme - PM  Full Article 

Ola's Expansion Drive

Ola's Expansion Drive

Taxi group Ola steps up expansion drive  Full Article 

Sahara Saga

Sahara Saga

Sahara's Grosvenor House hotel in London put up for sale   Full Article 

Suzlon Energy

Suzlon Energy

Suzlon expects to turn profitable in fiscal 2016: chairman   Full Article 

Eicher Motors Stake

Eicher Motors Stake

Volvo selling up to $300 mln worth of Eicher shares  Full Article 

Beef Trade

Beef Trade

Maharashtra clamps down on beef trade through new act  Full Article 

Budget 2015

Budget 2015

Budget announcements and reactions from the industry  Full Coverage 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage