Date:15/03/2006 URL: http://www.thehindubusinessline.com/2006/03/15/stories/2006031502711500.htm

Back Sasken, Hexaware see value buy

While technology stocks, as a pack, have been floundering, certain counters are seeing action. Buying interest is beginning to pick up in Sasken Communication Technologies and Hexaware Technologies.

Also, with these stocks participating only in a limited way in the run up over the last three months, they are now seen as value buys.

Sasken Communication touched an intra-day high of Rs 365.70 before closing at Rs 360.35 on the BSE. Currently, mutual funds hold only a little over one per cent in the company and foreign institutional investors own close to 10 per cent.

Hexaware went up to Rs 158.50 but closed at Rs 154.55. Volumes were high with close to 9.5 lakh shares being traded at this counter on the BSE.

Dealers say that with fund activity seen in Hexaware, operators are also focussing on the stock, adding to the increased volumes.

Veena Venugopal