Hexaware Technologies spurted 11.71% to Rs 80.15 at 14:40 IST after consolidated net profit rose 4.70% to Rs 41.34 crore on a 1.60% increase in consolidated net sales to Rs 263.15 crore Q3 September 2009 over Q2 June 2009.
The result was announced during trading hours today, 28 October 2009.
Meanwhile, the BSE Sensex was down 102.38 points, or 0.63%, to 16251.02.
On BSE, 15.73 lakh shares were traded in the counter as against an average daily volume of 4.77 lakh shares in the past one quarter.
The stock hit a high of Rs 83.40 and a low of Rs 71.10 so far during the day. The stock had hit a 52-week high of Rs 94.50 on 21 October 2009 and a 52-week low of Rs 17 on 27 October 2008.
The stock had underperformed the market over the past one month till 26 October 2009, falling 3.37% as compared to the Sensex 0.28% rise. It outperformed the market in past one quarter, gaining 24.03% as against 8.85% rise in the Sensex.
The mid-cap software company has an equity capital of Rs 28.73 crore. Face value per share is Rs 2.
The current price of Rs 80.15 discounts the company's Q2 June 2009 annualised EPS of Rs 10.74, by a PE multiple of 7.46.
Hexaware Technologies specializes in providing its clients with management and technology solutions in the enterprise applications software area. The company also operates as an offshore-based vendor for the ERP and CRM software products of PeopleSoft, Inc of USA.