{
  "id": 2961764,
  "title": "Hexaware Technologies shares rally 5%; Motilal Oswal reiterates buy with target price of Rs 720",
  "url": "https://urgent.news/2026/08/24/hexaware-technologies-shares-rally-5-motilal-oswal-reiterates-buy",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-24T05:26:51.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/markets/stocks/news/hexaware-technologies-shares-rally-5-motilal-oswal-reiterates-buy-with-target-price-of-rs-720/articleshow/133452068.cms"
  },
  "original_language": "en",
  "account": "During Monday’s trading session, Hexaware Technologies shares surged roughly 5% to reach Rs 559.25 after Motilal Oswal affirmed its ‘Buy’ rating on the stock, with a target price of Rs 720, indicating a potential 35% increase from the current level. The brokerage’s bullish outlook stems from Hexaware’s recent Investor Day, where the IT services firm unveiled its artificial intelligence (AI) strategy, focusing on two main themes — 'Zero Friction Enterprise' and 'AI for Business'.\n\nAccording to Motilal Oswal, more than half of Hexaware’s revenue is now derived from AI integration. The brokerage is keen to delve deeper into how the company can achieve a competitive edge within its AI-led business, particularly through the 'Zero License' and tokenomics concepts. The 'Zero License' initiative seeks to substitute clients’ conventional SaaS expenses with AI-native offerings from Hexaware, while the company is testing eight commercial models centered around AI token costs, such as fixed-cost and gain-sharing structures.\n\nDespite lowering its full-year revenue growth guidance for CY26, Motilal Oswal attributes the dip to timing rather than a loss of growth. The brokerage anticipates delayed deal ramp-ups, ongoing progress in modernization programs, and robust demand from banking, healthcare, and manufacturing sectors to propel a stronger exit from CY26 and lay a solid foundation for CY27 growth. With constant-currency revenue growth projections of 6.4% in CY26 and 9.7% in CY27, driven by enhanced execution, account expansion, and AI-driven opportunities, Motilal Oswal retains its Rs 720 target for Hexaware shares, anticipating substantial upside potential as the company’s AI strategy, deal execution, and growth momentum gain traction.",
  "summary": "Hexaware Technologies shares rose on Monday after Motilal Oswal reiterated its Buy rating with a Rs 720 target, implying 35% upside. The brokerage highlighted the company’s AI strategy, including Zero License and token-based pricing models, while expecting delayed deal ramp-ups and AI-led opportunities to support stronger growth in CY27.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}