Hexaware shares fall 4% after CEO Srikrishna resigns
Global brokerage HSBC maintains hold rating on stock at target price of ₹575
Hexaware Technologies stock experienced a 4.4 percent decline on Thursday following the announcement of a CEO transition. The company's shares closed at ₹521.90 on the NSE on Thursday, down from the previous close of ₹543.60. After the market closed on Wednesday, Hexaware announced that Vivek Jetley would take on the role of Chief Executive Officer, effective October 28, 2026, following the resignation of R Srikrishna, who is commonly known as Srikrishna Ramakarthikeyan, or Keech.
Srikrishna will continue his role as Senior Advisor to aid in the transition, and will also step down from the board. HSBC Global Brokers has maintained a hold rating on Hexaware's stock, with a target price of ₹575. The brokerage stated that the key mandate for the management transition is to reaccelerate growth with a sharper focus on execution. They noted, "Strategy likely unchanged, but execution focus expected to improve."
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