Hexaware Tech. has an intraday target between Rs 89-94. So, the interested investors can purchase Hexaware stock around Rs 84 with a stop loss at Rs 80.

Presently the stock is hovering near Rs 86, up 2.2% from its yesterday’s closure on BSE.

Don’t miss this opportunity as the stock has much potential to break its records, and achieve the said target.

Hexaware Technologies, which announced a provisioning for possible losses due to certain exotic foreign exchange option dealings, has roped in consultant Jamal Mecklai to work with it on diminishing the negative impact of these proceedings.

The company said as of now, no criminal proceedings had been initiated against the employee who had conducted the option transactions and actively concealed them.

Atul Nishar, Hexaware chairman told, “We don’t have any need to get into these structured option deals. The company policy does not permit these kind of deals — we only need a simple forward cover.”

Additionally the special committee nominated to carry out an investigation into the transactions, Mr. Nishar stated that an internal task force dedicated to mitigating the impact of the forex option transactions had also been constituted.

One of the executive directors, PK Sridharan, has been relocated from the firm’s Chennai facility to its office in Mumbai to oversee the matter on a full-time basis. Mr. Sridharan plays the role of a chief mentor in the company. The company had said on Monday the option transactions were unauthorised and outside its normal hedging programme.