Hexaware Technologies shares jumped 9% in Monday's trade, reaching an intraday high of ₹539, as the company announced a strategic expansion of its artificial intelligence capabilities.
The Indian IT services provider confirmed a new strategic partnership with SmartRent, a proptech firm, to transform customer operations and revenue processes into AI-native workflows.
The collaboration focuses on integrating AI-led support services, bill-to-cash solutions, and an agile lead-to-order process built on the Salesforce platform.
By embedding artificial intelligence directly into these core operational functions, Hexaware aims to accelerate digital transformation for clients in the property technology sector.
The market reaction underscores investor appetite for IT firms demonstrating concrete AI implementation strategies rather than general infrastructure plays.
While broader tech peers face scrutiny over capital expenditure efficiency, Hexaware’s targeted partnership signals a shift toward applied AI solutions that directly impact revenue cycles and customer service efficiency.