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Hexaware shares open up 2.53% on strong results

Hexaware shares open up 2.53% on strong results
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First Published: Thu, Apr 28 2011. 09 25 AM IST
Updated: Thu, Apr 28 2011. 09 25 AM IST
Mumbai: Shares of Hexaware Technologies Ltd opened up 2.53% on Thursday after the mid-tier software services firm posted a much better-than-expected rise in January-March consolidated net profit.
The company, which added 10 new clients during the quarter, posted a consolidated net profit of Rs538.3 million, compared with Rs115.5 million a year ago.
A Reuters poll of brokerages had estimated the firm to post a net profit of Rs382.5 million.
At 9.17 am, shares were trading up 1.27% at Rs72 in a firm Mumbai market.
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First Published: Thu, Apr 28 2011. 09 25 AM IST
More Topics: Hexaware Technologies | Markets | Q4 | Profit | Crude |