Archive · 22 Aug 2025
Nuvama Initiates Coverage on Hexaware Technologies with 'Buy' Rating
Imagine a company called Hexaware that helps other businesses with technology.
An investment company called Nuvama thinks Hexaware is a good investment, like saying it's on sale.
Nuvama believes Hexaware will grow a lot in the next few years.
They think the company is doing well and has a good customer base.
Even though the stock price went down recently, Nuvama thinks this is a good time to buy.
They predict Hexaware's profits will also increase.
They also think the company is valued similarly to its competitors.
Nuvama initiated coverage on Hexaware Technologies with a 'Buy' rating.
The brokerage set a target price of Rs 950, suggesting a 26.5% upside.
Nuvama anticipates solid growth driven by Hexaware's revenue base and clientele.
Recent correction in the stock price is seen as a good entry opportunity.
Hexaware's PE is in line with its mid-cap peers.
- Who
- Nuvama Institutional Equities
- What
- Nuvama initiated coverage on Hexaware Technologies.
- When
- The article does not provide specific dates.
- Where
- The article does not specify a location.
- Why
- Nuvama sees potential for growth in Hexaware Technologies.
Nuvama's View
Market View
Investment Outlook
Nuvama's View
Expects revenue growth, margin expansion, and considers the recent correction a buying opportunity.
Market View
Not applicable
- Target Price
- Rs 950
- Upside
- 26.5%
- Market Cap
- Rs 43,800 crore
- Revenue CAGR (CY24-CY27)
- 11% (USD)
- EBIT CAGR (CY24-CY27)
- 19%
- EPS CAGR (CY24-CY27)
- 18%
- Employee Base
- 32k
- PE CY27
- 24x