Hexaware Technologies Share Price Target 2026: Stock Analysis, Share Price Today, Bull Case and Bear Case After Q2 CY2026
- July 6, 2026
- Posted by: Chaitanya Auti
- Category: News
Hexaware Technologies Rs 495.15 (5 Oct 2026 close). 52-week range Rs 400.20 to Rs 807.75. Q2 CY2026 revenue $405.4 mn.
Quick Answer
The Hexaware Technologies share price target for 2026 is Rs 484 to Rs 561, which is between 2 percent below and 13 percent above the last close of Rs 495.15, with bull and bear cases of Rs 638 to Rs 725 and Rs 336 to Rs 378. Hexaware Technologies reported Q2 CY2026 (April to June) revenue up 6.1 percent to $405.4 million and EBIT margin up to 13.6 percent, but profit fell 13 percent to Rs 330 crore, and it cut its 2026 revenue growth guidance to 6 to 7 percent from 7.6 percent. Motilal Oswal initiated coverage with a target of Rs 660, the company declared an interim dividend of Rs 8.50, and the stock is down about 31 percent in a year at 22.5 times earnings. No brokerage price target was available on the sources we track as of 5 October 2026, so every range below is a Univest research scenario.
The Hexaware Technologies share price target for 2026 is Rs 484 to Rs 561 in the Univest base case, with the stock at Rs 495.15 at the 5 October 2026 close. That is 38.7 percent below its 52-week high of Rs 807.75 and 23.7 percent above its 52-week low of Rs 400.20, and the stock moved down 30.9 percent over the past year. Hexaware Technologies is an AI-first IT services company with 16 clients above $20 million and top-10 client concentration of 35.7 percent. It reports on a calendar year, so April to June 2026 is its second quarter.
Three things changed since the last update: Q2 CY2026 results on 29 July showed margin gains but a guidance cut, Vivek Jetley was named CEO designate, and the stock fell from Rs 622.80 in July to Rs 495.15. This Hexaware Technologies stock analysis covers the Hexaware Technologies share price today, the Hexaware Technologies share price target for 2026, 2027 and 2030, the Q2 CY2026 numbers, catalysts and risks, key price levels and a Hexaware Technologies buy or sell view.
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What Is the Hexaware Technologies Share Price Target for 2026?
The 2026 target for Hexaware Technologies shares is Rs 484 to Rs 561 in the Univest base case, which is -2.3% to +13.3% against the last close. The bull case is Rs 638 to Rs 725 and the bear case is Rs 336 to Rs 378. Motilal Oswal initiated coverage with a target of Rs 660, valuing the stock at 23 times CY2027 EPS, according to a market report. Analyst consensus is used as a cross-check, not as the base.
Hexaware Technologies Share Price Target Scenarios: Bull Case, Base Case and Bear Case
| Scenario | CY2027E EPS | Target Multiple | Price Target (Rs) | Move vs Rs 495.15 |
|---|---|---|---|---|
| Bull Case | Rs 29 | 22x to 25x | 638 to 725 | +28.8% to +46.4% |
| Base Case | Rs 25.50 | 19x to 22x | 484 to 561 | -2.3% to +13.3% |
| Bear Case | Rs 21 | 16x to 18x | 336 to 378 | -32.1% to -23.7% |
CY2027 EPS of Rs 25.50 in the base case is above trailing EPS of Rs 21.98 and below the Rs 28.7 implied by Motilal Oswal’s target, assuming revenue growth near 8 percent and EBIT margin of 13 to 14 percent. The bull case needs deal ramp-ups to recover, and the bear case assumes the IT slowdown deepens. The PE multiple used for each case is shown in the table, and the EPS estimate is a Univest assumption, not company guidance. Those assumptions set the Hexaware Technologies share price target range around the current price.
Hexaware Technologies Company Overview and Share Price Today as of 5 October 2026
Hexaware Technologies share price today is Rs 495.15 on the NSE at the 5 October 2026 close, before the market opened on 6 October. The market capitalisation is Rs 30,261 crore, and the stock trades at 22.5 times earnings against an industry average of 17.5 times. The Univest base case Hexaware Technologies share price target of Rs 484 to Rs 561 is -2.3% to +13.3% from here. The table below sets out the key numbers behind the Hexaware Technologies share price target.
| Parameter | Value | Context |
|---|---|---|
| NSE Ticker | HEXT | BSE code 544362 |
| Sector | IT services | Per Univest sector classification |
| Last Close (NSE) | Rs 495.15 | 5 Oct 2026 close |
| 52-Week High | Rs 807.75 | CMP is 38.7% below |
| 52-Week Low | Rs 400.20 | CMP is 23.7% above |
| 1-Year Return | About -31% | Weekly close Rs 716.60 on 3 Oct 2025 to Rs 495.15 |
| Market Capitalisation | Rs 30,261 crore | Mid cap IT services company |
| Trailing P/E | About 22.5x | Industry P/E about 17.5x |
| P/B Ratio | About 4.51x | Book value Rs 109.85 per share |
| EPS (TTM) | Rs 21.98 | Trailing twelve months |
| Return on Equity | About 20.0% | Debt to equity 0.10 |
| Dividend Yield | About 2.31% | Rs 8.50 interim dividend |
| 12-Month Target (Base Case) | Rs 484 to Rs 561 | Univest base case |
| Bull Case | Rs 638 to Rs 725 | +28.8% to +46.4% |
| Bear Case | Rs 336 to Rs 378 | -32.1% to -23.7% |
Track live price, fundamentals and results for Hexaware Technologies on the Univest Screener.
How Did Hexaware Technologies Perform in Q2 CY2026?
Hexaware Technologies reported Q2 CY2026 revenue of $405.4 million, up 6.1 percent year on year and 4.4 percent from the previous quarter, and Rs 3,845 crore in rupee terms, up 17.9 percent. EBIT margin was 13.6 percent and net profit was Rs 330 crore, down 13 percent. Together these Q2 CY2026 numbers anchor the Hexaware Technologies share price target.
| Metric | Q2 CY2026 | Context |
|---|---|---|
| Revenue (US dollars) | $405.4 million | Up 6.1% YoY; up 4.4% QoQ |
| Revenue (rupees) | Rs 3,845 crore | Up 17.9% YoY |
| EBIT Margin | 13.6% | Up 68 bps QoQ; down 102 bps YoY |
| Net Profit | Rs 330 crore | Down 13% YoY; down 6.1% QoQ |
| Basic EPS | Rs 5.41 | Against Rs 6.25 |
| 2026 Revenue Growth Guidance | 6% to 7% | Cut from 7.6% |
Management blamed delayed deal ramp-ups and a weaker macro backdrop for the cut, and kept EBIT margin guidance of 13 to 14 percent. Utilisation rose to 84.8 percent and cash conversion was 124.7 percent of profit. The 2026 outlook from management is the main input for these estimates. These numbers sit behind every range in the scenario table above, so they anchor the Hexaware Technologies share price target.
Why Is Hexaware Technologies Share Price Down 31 Percent in a Year?
Hexaware shares are down about 31 percent in a year because IT stocks sold off on AI fears and the company then trimmed its growth guidance. The stock fell from Rs 807.75 in the week of 1 December 2025 to Rs 400.20 in the week of 9 March 2026, including a 13 percent fall in the week of 2 February.
It recovered to Rs 622.80 in July but has fallen about 20 percent since the guidance cut. Profit is down 13 percent despite higher margin, which hurts sentiment. The Hexaware Technologies share price target scenarios below account for that move.
Key Catalysts for the Hexaware Technologies Share Price Target in 2026
4 catalysts matter most for the Hexaware Technologies share price target, and sector tailwinds in IT services are part of the case. Together they decide whether the base case is reached.
1. Margin Gains
EBIT margin rose 68 basis points to 13.6 percent on better utilisation. Holding 13 to 14 percent supports EPS of Rs 25.50. If it plays out, the Hexaware Technologies share price target moves toward the top of the base range.
2. AI-Led Deals
Two wins in a new AI-led category were announced in Q2. Early wins can scale into large contracts. Strength here would support the upper end of the Hexaware Technologies share price target.
3. Large Client Count
Hexaware added a client above $20 million, taking the total to 16. Larger clients give steadier revenue. Delivery on this point keeps the Hexaware Technologies share price target on track.
4. Cash Conversion
Cash flow was 124.7 percent of profit and cash is strong. Cash supports the Rs 8.50 dividend. Better news here would lift the Hexaware Technologies share price target toward the bull case.
What Are the Key Risks to the Hexaware Technologies Share Price Target?
The main risks are slower growth, client concentration, IT demand and currency swings. Each can pull the Hexaware Technologies share price target lower.
Slower Growth
Guidance was cut to 6 to 7 percent for 2026. A further cut would hit the multiple. If it materialises, the Hexaware Technologies share price target would slip toward the bear case.
Client Concentration
Top-10 clients are 35.7 percent of revenue. Losing one would hit growth. This is the main downside risk to the Hexaware Technologies share price target.
IT Demand
Clients delayed deal ramp-ups on macro worries. A longer delay would cut growth. A worsening here would cut the Hexaware Technologies share price target toward the low end of the range.
Currency
Rupee revenue grew 17.9 percent against 6.1 percent in dollars on currency moves. A stronger rupee would cut reported growth. Watch it closely, because it can pull the Hexaware Technologies share price target lower quickly.
Hexaware Technologies Stock Analysis: Support and Resistance Levels for the Share Price Target
Hexaware Technologies stock analysis on weekly charts shows a range of Rs 476 to Rs 528 since mid-September, with the stock near the middle.
The first support level is Rs 476 to Rs 490, the lows of the weeks of 28 and 21 September and 5 October. Below that, Rs 472 marks the June low, and a weekly close under Rs 476 would weaken the base.
The first resistance level is Rs 505 to Rs 506, the highs of the weeks of 28 September and 5 October. Above that, Rs 524 to Rs 528 marks the mid-September highs, and Rs 553 to Rs 579 the summer highs. These levels come from weekly price action, are not trade recommendations, and frame the near-term Hexaware Technologies share price target.
Hexaware Technologies Share Price Target 2026, 2027 and 2030: Short, Medium and Long Term
Short-Term Hexaware Technologies Share Price Target (3 to 6 Months)
In the near term the stock is likely to trade between Rs 476 and Rs 528, from the late-September low to the mid-September high. A close above Rs 528 would put Rs 553 in play, while a weekly close under Rs 476 would put Rs 472 in play. The Q3 CY2026 results are the main trigger. This range anchors the near-term Hexaware Technologies share price target.
12-Month and 2027 Hexaware Technologies Share Price Target
The 12-month target price is Rs 484 to Rs 561, valued on 19 to 22 times CY2027 EPS of Rs 25.50. The range across scenarios runs from Rs 336 in the bear case to Rs 725 in the bull case.
Long-Term Hexaware Technologies Share Price Target for CY2029 to 2030
For CY2029 to 2030 the Univest scenario range is Rs 594 to Rs 840. This assumes EPS of Rs 33 in CY2029 and Rs 40 in CY2030 and a multiple of 18 to 21 times. It needs revenue growth to recover above 8 percent. This is the long-term Hexaware Technologies share price target in the Univest scenarios.
Bull Case and Bear Case for Hexaware Technologies Share Price Target
Bull Case Rs 638 to Rs 725
The bull case of Rs 638 to Rs 725 for the Hexaware Technologies share price target needs EPS of Rs 29 and the market to pay 22 to 25 times for it. It is +28.8% to +46.4% from the last close.
Bear Case Rs 336 to Rs 378
The bear case of Rs 336 to Rs 378 for the Hexaware Technologies share price target equals 16 to 18 times CY2027 EPS of Rs 21 and sits below the Rs 400.20 low. It is -32.1% to -23.7% from the last close.
Is Hexaware Technologies a Good Buy at Rs 495? Hexaware Technologies Buy or Sell View
Whether Hexaware Technologies is a buy at Rs 495.15 depends on horizon and risk appetite. The base case implies -2 to 13 percent from here, Motilal Oswal’s Rs 660 target sits inside the bull range, and the open question is growth. The Hexaware Technologies share price target range is the starting point for that decision.
Long-term holders may focus on margin, AI-led deals and the 2.3 percent yield, and treat Rs 476 as the level to watch. Short-term traders may prefer to wait for a close above Rs 528. Check institutional holding in the September quarter filing for signs of accumulation or selling. Consult a SEBI-registered advisor before acting, since this Hexaware Technologies buy or sell view is educational.
How to Invest in Hexaware Technologies Shares
Step 1: Check the live price, valuation and the latest Hexaware Technologies share price target range on the Univest Screener.
Step 2: Open a demat and trading account with a SEBI-registered broker such as Univest before acting on any Hexaware Technologies share price target.
Step 3: Search for HEXT on the NSE or 544362 on the BSE in your trading app.
Step 4: Place a limit order near your planned entry and size the position so a fall to Rs 336 is bearable.
Step 5: Track deal ramp-ups, margin and Q3 CY2026 results and set price alerts on the Univest App to follow any change in the Hexaware Technologies share price target.
Conclusion
Hexaware Technologies closed at Rs 495.15 against a Univest base case share price target of Rs 484 to Rs 561, a bull case of Rs 638 to Rs 725 and a bear case of Rs 336 to Rs 378. Q2 CY2026 delivered revenue of $405.4 million, up 6.1 percent, and EBIT margin of 13.6 percent, but profit fell 13 percent and guidance was cut to 6 to 7 percent. The main risks are slower growth, concentration and IT demand.
The stock is 38.7 percent below its 52-week high, so the base case implies roughly -2 to 13 percent from here. The triggers to watch are deal ramp-ups, the Q3 CY2026 results and the Rs 476 and Rs 528 levels. Re-check the Hexaware Technologies share price target after each quarterly result. Investors with a long horizon and tolerance for volatility can track these triggers, while others may prefer to size positions carefully.
Download the Univest iOS App or Univest Android App to track Hexaware Technologies live price and get daily stock recommendations.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Hexaware Technologies Share Price Target 2026
What is the Hexaware Technologies share price target for 2026?
Ans. The Hexaware Technologies share price target for 2026 is Rs 484 to Rs 561 in the Univest base case, with a bull case of Rs 638 to Rs 725 and a bear case of Rs 336 to Rs 378. Motilal Oswal initiated coverage with a target of Rs 660, valuing the stock at 23 times CY2027 EPS, according to a market report. These are estimates and can change after the Q3 CY2026 results.
What is the Hexaware Technologies share price target for 2027?
Ans. The Hexaware Technologies share price target for 2027 is Rs 484 to Rs 561 in the base case, valued on 19 to 22 times CY2027 EPS of Rs 25.50. The scenario range runs from Rs 336 to Rs 725.
Is Hexaware Technologies a good buy at Rs 495.15?
Ans. Whether Hexaware Technologies is a good buy at Rs 495.15 depends on your horizon, risk appetite and how you read the Hexaware Technologies share price target. Margin is rising and the stock pays a 2.3 percent yield, but growth guidance was cut and the stock trades at about 22 times earnings. Consult a SEBI-registered advisor before investing.
What are the key risks to the Hexaware Technologies share price target?
Ans. The key risks to the Hexaware Technologies share price target are slower growth, client concentration, it demand and currency. Guidance was cut to 6 to 7 percent for 2026. A further cut would hit the multiple.
What are the key catalysts for the Hexaware Technologies share price target?
Ans. The key catalysts for the Hexaware Technologies share price target are margin gains, ai-led deals, large client count and cash conversion. EBIT margin rose 68 basis points to 13.6 percent on better utilisation. Holding 13 to 14 percent supports EPS of Rs 25.50.
Where can I track Hexaware Technologies share price today and Hexaware Technologies share price target updates?
Ans. You can track the live Hexaware Technologies share price, results and any change to the Hexaware Technologies share price target on the Univest Screener and the Univest App. Download the Univest iOS App or Univest Android App for research from SEBI-registered analysts.
What are Hexaware Technologies’s 52-week high and low?
Ans. Hexaware Technologies’s 52-week high is Rs 807.75 and its 52-week low is Rs 400.20, based on weekly NSE data. At Rs 495.15 the stock is 38.7 percent below the high and 23.7 percent above the low. Both levels frame the Hexaware Technologies share price target.
How to buy Hexaware Technologies shares?
Ans. Open a demat account with a SEBI-registered broker such as Univest, search for HEXT on the NSE or 544362 on the BSE, and place a limit order near your entry price, using the Hexaware Technologies share price target range as a guide. Size the position so a fall to Rs 336 is bearable, and check the live price on the Univest Screener first.