Hexaware Technologies looks weak: LKP

Hexaware Technologies is looking weak, says Kunal Bothra, Sr Technical Analyst, LKP.

Bothra told CNBC-TV18, "Hexaware Technologies on the IT side looks weak. Polaris has been beaten down very badly; from Rs 174 to Rs 126 in the matter of 10 days and what more can you ask for a short."
He further added, "It's very difficult to give a long initiation at this point. I would probably wait for a couple of days or infact even for a couple of weeks for market to probably give some signs of bottoming out." Disclosure: No personal holding in the above stock but at LKP we keep recommending them to our clients.