Hexaware falls as Q2 profit drops sequentially

Hexaware Technologies fell on Thursday after it has reporteda dropof 5.57% sequentiallyin consolidated net profit for the quarter ended September 2012.

Consolidated earnings grew 29.94% on year-on-year basis to Rs 840.71 million. Revenues, on the other hand, climbed 1.24% sequentially and 36.48% on year-on-year basis to Rs 5.17 billion.Shares ofthe companyare trading at Rs 110.40, down Rs 1.5, or 1.34% at the Bombay Stock Exchange (BSE) on Thursday at 10:19 a.m. The scrip has touched an intra-day high of Rs 113.20 and low of Rs 107.40. The total volume of shares traded at the BSE is 193,589.In the earlier session, the shares gained 2.33%, or Rs 2.55, at Rs 111.90. Currently, the stock is trading down 22.25% from its 52-week high of Rs 142 and above 51.03% over the 52-week low of Rs 73.10.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 112.40 (0.50) (0.44) 1 Month 121.90 (10.00) (8.20) 3 Months 114.35 (2.45) (2.14) 6 Months 126.95 (15.05) (11.86) 1 Year 87.90 24.00 27.30 Note: Based on previous day closing price.