- Why it’s recommended :Hexaware Technologies is a global IT services , the firm specializes in digital transformation, cloud computing, and artificial intelligence-led enterprise solutions across various industries. After some sharp declines since January this year the prices have been slowly and steadily climbing higher. With a positive development on Artificial Intelligence development area the counter has seen a swift upside indicating some upward trajectory. One can now look for some trends to carry the prices higher.
- Key metrics:
- P/E Ratio : 36.94,
- 52-week high: ₹1332,
- Volume: 993.80K.
- Technical analysis: Support at ₹540, resistance at ₹650.
- Risk factors: Earnings deceleration, high valuation relative to industry peers, and reliance on highly competitive IT and digital transformation markets.
- Buy : above ₹585
- Stop loss: ₹559
- Target price: ₹635 (2 Months)
Stock market recap
Between 12 October and 16 October 2026, Indian equities experienced a volatile but ultimately positive week, marked by sharp swings and sectoral divergence. On October 12, benchmarks slipped, with Sensex closing at 71,924.68 and Nifty at 22,363.35, dragged by weakness in PSU banks and telecom, though small-caps outperformed. The following day, October 13, markets staged a strong rebound, led by IT stocks after HCL Tech’s earnings beat, with Nifty surging 1.6% to 22,721.95 and Sensex climbing 1,109 points to 73,033.78. Sectoral breadth was strong, with all indices in the green except pharma, while India VIX dropped nearly 8%, signaling easing near-term uncertainty.
