Hexaware Technologies Returns to Bourses with Biggest IT IPO

Hexaware Technologies made a subdued listing on Indian stock exchanges following its record ₹8,750 crore IPO, listing at a 5% premium. While there has been subdued investor demand, analysts are positive owing to its cheap valuations against peers. Hexaware's PE multiple is less than that of Coforge and Persistent Systems, which makes it a good buy. The company sees healthy margin expansion and stability in the face of macroeconomic shifts. Investors should look beyond short-term woes and its long-term growth opportunities and sound financials.

 

Business Standard, Economic Times, CNBC TV18