Hexaware may slip further: Sukhani

Sukhani told CNBC-TV18, "Hexaware has been a shorting candidate earlier and the charts are now suggesting that the stock is distributing. That seems to be working out. There was a big decline on Friday and one will see follow-through."

He further added, "If one can get a small rally after a big decline and then sell it then nothing like it but it's likely to crack on the Rs 114-115 levels and go much lower, probably back into double digits."

The company's trailing 12-month (TTM) EPS was at Rs 7.85 per share. (Mar, 2012). The stock's price-to-earnings (P/E) ratio was 15.39. The latest book value of the company is Rs 25.82 per share. At current value, the price-to-book value of the company was 4.68. The dividend yield of the company was 3.31%.

Disclosure: I have no personal holding in the above stock.