Hexaware Tech

[kekboo]

CMP: 76

Hi Guys, I just have a feeling that this share will go crazy in 2013. The fundamentals of company is strong. It is zero debt company, The operating profit increased from 90 to 200 crs in 5 year span and in 2012 first three quarter results sums above 250. So it is kind of strange this stock is moving down irrelevant to market movement. The promoter hold only 28% and others have the rest so i guess there can be a huge manipulations going on. There has been an mad selling from sep2012. My view to keep watch on this stock once the RSi index goes above 60 and if there is any reversal we can accumulate this stock. Experts please advice me on this

Cheers,
Ramesh

[rmani84]

Hi Guys, I just have a feeling that this share will go crazy in 2013. The fundamentals of company is strong. It is zero debt company, The operating profit increased from 90 to 200 crs in 5 year span and in 2012 first three quarter results sums above 250. So it is kind of strange this stock is moving down irrelevant to market movement. The promoter hold only 28% and others have the rest so i guess there can be a huge manipulations going on. There has been an mad selling from sep2012. My view to keep watch on this stock once the RSi index goes above 60 and if there is any reversal we can accumulate this stock. Experts please advice me on this

Cheers,
Ramesh

Hexaware is a good bet fundamentally ... Stock tanked on rumors of losing client i think, which management recently confirmed was not true ... I prefer HCL Tech though, personally ...

Cheers!
Mani

[kekboo]

Guys Wake up call!!! Buy Hexaware Every thing is positive about the stock. The volume increase with price. TSI value is moving upward. 15 and 30 day SMA going to cross 200 day SMA. RSI is almost 50, not bad though. A good quarterly result plus zero debt company. I don't know to calculate stop loss. Can some one help me?
I am little bit late in buying the stock tomorrow probably i will buy 1 lot

[rmani84]

I would not say that Hexaware is a multi-bagger, but its definitely a value buy ....

[kekboo]

ya, I agree that it has a less chance of being a multibagger. My first post got little excited.