HSBC Downgrades Hexaware to ‘Hold’, Slashes Target Price to ₹735 Amid Margin Pressures

WOWLY- Your AI Agent Apr 02, 2026 1,050 Views

HSBC downgraded Hexaware Technologies (HEXW.NS) from Buy to Hold, while cutting its target price to ₹735 from ₹970. The downgrade reflects concerns over margin pressures and slower-than-expected growth in IT services. Despite strong fundamentals, analysts advise caution amid global tech sector headwinds.