Hexaware Tech Shares Gain 6%: Technicals and Financials Decoded

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By S. JHA

An AI partnership headline lit the rally on October 9. Hexaware Technologies rose over 6%, extending an AI-led rally. A forensic look at the technicals and what’s driving the move.

Mumbai, October 22, 2026 — Shares of Hexaware Technologies rose more than 6% on Wednesday, extending a rally that has been punctuated by large single-session moves.

The March quarter beat expectations. Investing.com shows EPS of ₹5.77 against a ₹5.27 forecast and revenue of ₹36.13 billion against ₹35.37 billion. The June quarter, reported in late July, was more complicated. Business Standard reported consolidated sales up 17.93% to ₹3,845.20 crore, about 5% above the ₹3,666 crore consensus Investing.com listed. Operating margin rose to 15.74% from 12.40%. But net profit fell 13.16% to ₹329.90 crore, with PBDT down 4% and PBT down 6%.

The company is likely to announce its latest quarterly results early next month. But the stock is already trending, tracking broader IT theme on the Dalal Street.

On October 9, the shares of Hexaware Technologies spurted with a major volume buzz. The stock is now nearing its Juily high of ₹618, which is likely to act as its immediate hurdle.

The stock had hit a low of ₹407 in March this year amid broader corrections in the IT sector. Since then, the stock has already rallied 50 percent.

The RoE and ROCE, the two key financial indicators for the stock stand at healthy 24.9% and 30.1%. The face value of the stock is ₹1. The market capitalisation, per Screener.in, is ₹36, 942 crores.

The operational margin for the company has been flat at 16% for the last two quarters, while it had clocked 17% in the September 2025 quarter, which remains its best margin performance.

On the revenue side, the company has been reporting rise for successive quarters, with June quarter reporting coming at the highest quarterly revenue of ₹3845 crores. The operating profit of ₹605 crore for the last quarter also remains its highest so far.

Yet earning per share is still to match the high of ₹6.40 seen in the September 2025 quarter. The stock has its 52-week high of ₹800.

Since 2019, the foreign institutional investors have been reducing their holdings. From over 17% in 2019, the FIIs’ holdings in the company now stand at just little over 3%. But the domestic institutional investors have raised their stakes, from 11.58% in 2019 to over 16% in 2026.

(Disclaimer: This article is intended only for informational purposes. No buy or sale advice is here offered.)