May 4, 2018 / 4:39 AM / 2 months ago

BUZZ-India's Hexaware sees worst intraday session since Aug 2015

** Hexaware Technologies Ltd’s shares fall as much as 10 pct, their biggest intraday pct loss since Aug. 24, 2015

** Q1 profit rose nearly 18 pct to 1.34 bln rupees ($20.11 mln) with EBIT margin of 16.4 pct

** Co’s margins 90 bps below Credit Suisse estimates

** Morgan Stanley analysts believe a positive margin surprise is unlikely, but expect co’s FY revenue guidance to rise

** Eight of 19 brokerages rate the stock “sell” or lower, six “hold” and five “buy” or higher; their median PT is 335 rupees - Thomson Reuters Eikon data ($1 = 66.6500 Indian rupees)

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