Shares of Hexaware Technologies rallied nearly 5% to Rs 559.25 during Monday’s trading session after brokerage firm Motilal Oswal reiterated its ‘Buy’ rating on the stock with a target price of Rs 720, implying an upside of around 35% from current levels.
The brokerage’s positive stance follows Hexaware’s Investor Day, where the IT services company outlined its artificial intelligence strategy centred around two key themes — ‘Zero Friction Enterprise’ and ‘AI for Business’.
