575% Dividend Alert By IT Stock! Eligibility Ends Today; How To Set Up Trade?

Due to its ex-dividend trading status, Hexaware Technologies Ltd., a mid-cap IT stock, is probably going to be the focus of attention today. Hexaware Technologies Ltd. has announced an interim dividend, and today is the ex-dividend date for investors. The record date is October 10. This implies that the stated dividend will only be paid to shareholders who owned the shares as of yesterday's closing or on October 9th, which is before the ex-date. The interim dividend will be deposited into the bank accounts of investors who already owned the shares on the ex-date, often within a few days of the corporation announcing the payment date.

Hexaware Technologies Dividend Details

"We wish to inform that the Board of Directors of the Company at its meeting held today i.e. October 01, 2025, declared 2nd interim dividend of Rs 5.75/- (575%) per equity share of Rs 1/- each for the financial year 2025. Further, we wish to inform you that pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the record date for the purpose of interim dividend will be October 10, 2025. The interim dividend declared will be paid to those shareholders, whose names appear in the Register of Members and/or Depositories as on October 10, 2025, being the Record Date fixed by the Company for this purpose. The dividend will be paid on October 18, 2025," said Hexaware Technologies in a regulatory filing.

Global Banks Struggle, But Hexaware Stays Resilient Amid H-1B Policy Shifts

Hexaware Technologies Ltd. has notified stakeholders that, according to its current forecast, the impact on the company is projected to be insignificant in light of recent comments by US authorities regarding the rise in fees applicable to new visa petitions.

"The company has been reducing its dependency on H1B filings in the last few years. As a matter of fact, the Company has not made any fresh applications under the H-1B cap in April 2025. Given this, we do not anticipate any material financial or operational impact arising from the aforesaid regulatory changes," Hexaware Technologies confirmed in a filing.

"The Company continues to maintain a strong focus on hiring local talent. This focus on localization, together with the ability to adjust and evolve global talent deployment strategies in line with changing regulations, ensures continuity of client service and resilience in the operating model," Hexaware Technologies has further informed the stock exchanges.

Hexaware Technologies Target Price

"The stock has maintained strong bullish momentum after consolidating near ₹700 levels, confirming a breakout above short-term resistance. The rising 20-day EMA and positive crossover on MACD indicate sustained buying interest. RSI (14) at 64 shows healthy strength without overbought conditions. Immediate support lies at ₹700, while resistance is seen around ₹740-₹755. A close above this range could open the next leg toward ₹780. Stop Loss: ₹695. Targets: ₹750 / ₹780," commented Riyank Arora, technical analyst at Mehta Equities Ltd.

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