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Hexaware Technologies

Hexaware Technologies - (Buy) SL 130, TP - 160, CMP - 135.
This is one stock which is trading at low valuation as compared to its peers. PE is 11.9 as compared to 15+ to rest of its peers.

I am betting big time on this stock because of 2 reasons:-
1) Low valuation
2) The stock is in SCIF ETF fund (US). SCIF fund is beginning to show up-move and Hexaware is one of the top holdings in the portfolio. And as the risk aversion in US equity kicks in, Hexaware is gonna be the black horse.

Also do check out persistent systems.


17/1/2013 :- All Profits should be booked at current levels. The trade is closed as of now.

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