New Delhi, Feb. 19 -- Four years after delisting, Hexaware Technologies made a comeback on the exchanges today, February 19, listing at Rs.745 per share on the NSE, a 5.2% premium to the IPO price of Rs.708. On the BSE, it was listed at Rs.731 per share, reflecting a 3.2% premium. Following its listing, the stock gained momentum, rising another 4.4% to Rs.778 per share.
Given the decent debut, Abhishek Pandya, research analyst at StoxBox, advised investors who received allotments to hold the stock.
"Hexaware Technologies had a subdued stock market debut, listing at Rs.745 per share. This represents a 5.3% premium to its issue price of Rs.708, indicating moderate investor confidence. Although the response was subdued, the listing perform...
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