Exit from Hexaware Tech at current level: Salil Sharma

Exit from Hexaware Technologies at current level, says Salil Sharma, Salil, Kapur Sharma & Co

Sharma told CNBC-TV18, "Hexaware Technologies was outperforming and did much better than some of the front line technology, but the charts now seems to give an indication that after outperforming the rest of the IT pack, it is now in for an underperformance and the best is already over for it. So I would suggest somebody holding on to Hexaware Technologies should exit now and move to something else. One can stick to a second rung category and could go for Kale Consultants or Geometric Software where the charts are looking much better." He further added, "TTK Prestige is looking slightly similar but the charts are much better there compared to Hexaware Technologies. It has just slipped below its 200 DMA which was around Rs 2600 and now the next challenge for TTK Prestige is that its previous intermediate low was around Rs 2419 and we are just Rs 80 away from that and now if Rs 2419 is violated then it would have satisfied the first condition of its own bear market."