Buy Hexaware Technologies: PN Vijay

Buy Hexaware Technologies at this level, says PN Vijay, Portfolio Manager.

Vijay told CNBC-TV18, "Hexaware has been a bit of favourite of mine for the last several months because among the midcap they seem to have a very strong business model and recently they got some blockbuster client additions also. The stock has not moved much, it has been in the Rs 70-80 range and this might just be the trigger to take it to a different level."
He further added, "Here again if you see the vertical concentration its not that much into BFSI like the other solution providers in India but more into ERP type of solutions and the general perception is the manufacturing sector is doing well in the US and EU as compared to other verticals. So that should give them a sustained earnings visibility and volume traction. So given all that I think Hexaware coming out with such good numbers is just a confirmation as to what many of us have been thinking that this is the stock on the move, so I think it