Hexaware And eBaoTech Tie Up For Insurance Industry Software (04-Mar-2010)
Hexaware has announced that it has inked a pact with eBaoTech in order to enable Hexaware to implement and maintain eBaoTech products for insurers in UK, North America, European Union and other selected markets.
eBaoTech is a provider of core application software and services for life and general insurance industries.
As partners, eBaoTech will offer comprehensive SOA (Service Oriented Architecture) based best-of-breed policy administration systems to insurers, while Hexaware will provide end-to-end system integration services like - implementation, testing, integration and support for eBaoTech installations globally.
Hexaware Tech is currently trading at Rs.71.5, up by 1.34%.
The stock hit an intraday high of Rs.71.8 till now, as against the 52-week high of Rs.102.8.The stock hit a low of Rs.70.8 during the day. The stock had hit a 52-week low of Rs.20.6 on March 12, 2009.
The stock opens at Rs.71.5 at BSE. The total traded volume of the scrip on BSE till now stood at 50211.
Meanwhile today, the BSE Sensex is trading up by 113.00 points, or 0.67% , at 17084.7 on 9:47 AM.
Meanwhile today, the NSE Nifty is trading up by 33.95 points, or 0.67% , at 5114.2.
Hexaware Technologies has an equity capital of Rs 28.73 crore as of 2009 Dec. The face value per share is Rs 2. At the current price of Rs 71.5, the P/E multiple stood at 8.20610687022901 with book Value of 48.92 and P/BV at 1.46.
The total shareholding pattern of the company as on Dec 2009 stood at Promoters- 28.65%, Institutional Investors- 44.95%, General Public- 12.16% and other investors- 14.24%.
Considering the current price of Rs. 71.5 at 9:47:00 AM , the stock had underperformed the market over the past one month till 05/03/2010 declined -11.18% as compared to the Sensex''s return of 3.57% and NSE Nifty''s 3.57 % returns.
Considering the current price of Rs. 71.5 at 9:47:00 AM , the stock had underperformed the market over the past one quarter till 05/03/2010 fell -23.94% as compared to the Sensex''s return of 0.6% and NSE Nifty''s 0.6 % returns.
Hexaware Technologies yesterday launched HPowerlO, an innovative solution that will help in assessment and transition for the International Classification of Diseases (ICD). This automated solution designed for healthcare customers w'',1 provide for transitioning from ICD-9 to ICD-10 without human intervention. HPowerlO, a secure and non-intrusive solution will provide comprehensive ciagnosis across all affected IT systems on open and legacy platforms.
Hexaware Technologies Ltd. is an information technology and business process outsourcing service Provider Company based in Mumbai. The company provides software services in - airlines, banking and financial services and health care insurance sectors.
Company operates from multiple offices in countries like - Japan, USA, Canada, Singapore, Netherlands, Belgium and Germany apart from India. After starting facilities in Chennai, the company started its third development center in Pune in 2006.
Hexaware focuses on delivering business results, and leveraging technology solutions by specialising in Business Intelligence & Analytics, Enterprise Applications, Testing and Legacy Modernization. Founded in 1990, Hexaware has a well-established global delivery modal armed with proven proprietary tools and methodologies, skilled human capital and SEI CMMI-Level 5 certification.
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