Avoid Hexaware Technologies, says Sukhani

Avoid Hexaware Technologies, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "Just avoid Hexaware Technologies. It is not easy to short stocks, which have fallen 15-20 percent. It has been a major disappointment. It made a bullish pattern. It broke out of that pattern and then it turned around suddenly and literally viciously to fall like this. I do not know whether you can actually sell it, go short in it, but I am quite sure you cannot buy it."
At 09:52 hrs Hexaware Technologies was quoting at Rs 76.70, down Rs 0.75, or 0.97%. It has touched a 52-week low of Rs 72.60.
The company's trailing 12-month (TTM) EPS was at Rs 7.85 per share. (Sep, 2012). The stock's price-to-earnings (P/E) ratio was 9.77. The latest book value of the company is Rs 28.97 per share. At current value, the price-to-book value of the company was 2.65. The dividend yield of the company was 5.22%.