Mustafa Nadeem of Epic Research has a buy recommendation on Hexaware Technologies with a target price of Rs 377.80.

The current market price of Hexaware Technologies is Rs 351.60.

Time period given by the analyst is two weeks when Hexaware Technologies price can reach the defined target.

The analyst recommended keeping a stop loss at Rs 340.

"A double bottom formation is seen in the stock at the lower levels of Rs 340 while a bullish reversal pattern along with stock above 20-day moving average suggests positive bias. We expect it to move higher and test the levels of Rs 377.8," said Nadeem.

Hexaware Technologies, incorporated in the year 1992, is a midcap company (having a market cap of Rs 10,494.52 crore) operating in the information technology sector.

For the quarter ended 31-03-2019, the company has reported a consolidated sales of Rs 1,264.02 crore, up 0.93 per cent from the last quarter sales of Rs 1,252.42 crore and up 20.50 per cent from the last year same quarter sales of Rs 1,048.99 crore.