Hold Hexaware Technologies, says Sanjeev Agarwal

Sanjeev Agarwal, CEO of Dynamix Research & Capital Management told CNBC-TV18, "Hexaware Technologies had given a breakout at Rs 94 and this has been one of the very strong shares. I have been advocating most of the shares that belongs to IT pack should do very well. Overall this move is not going to end. We have a target of around 67 by next September as per the technical structure of the rupee/dollar chart and whatever RBI is going to do may succeed in a short-term in holding dollars for little lower price but overall I feel the dollar has to go up to 65-67 by next year."

"Seeing that I feel these IT stocks should do very well particularly those stocks where the hedging has not been done completely so as to get the benefit of complete rise on that. Overall, I feel these stocks will get much better order also because they will be much cheaper comparatively to other players like local players in US or anywhere in the world because of the rupee's very fast depreciation," he said.
"I feel in the coming year, we are going to get the benefit of the rupee depreciation in all these stocks. So definitely, one should hold and add more towards Rs 95-100 if at all it comes back to that level."