Hexaware has target of Rs 110: Sandeep Singal

Sandeep Singal of Emkay Global Financial Services is of the view that Hexaware Technologies has target of Rs 110.

Singal told CNBC-TV18, "Today we released our preview of current quarter results and the largecap companies like  Infosys, Tata Consultancy Services (TCS), HCL Technologies and Wipro would be able to stick to their guidance in  terms of their performance and there we like Infosys and HCL Tech."
He further added, "In the midcap space we like Hexaware Technologies followed by MindTree and eClerx Services.  On MindTree we have rescaled our rating from buy to accumulate."
"However, Hexaware Technologies is quoting at Rs 90 and gives good upside because of target price at Rs 110.  Therefore, these three stocks in midcap names and mostly accumulate rating on Tech Mahindra and Mahindra Satyam."