Technical analyst Hemant Kale of Maia Financial Services has maintained 'buy' rating on Hexaware Technologies Limited stock with targets of Rs 64 and 71.

According to analyst, the stock can be purchased at current levels with stop loss of Rs 50 or 46.

The stock of the company, on March 04, closed at Rs 54.15 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 65 and a low of Rs 33.25 on BSE.

Current EPS & P/E ratio stood at 3.79 and 14.10 respectively.

Hexaware Technologies declared that it has established Hexaware HP Software Lab at its near-shore international delivery centre in Saktillo, Mexico.

This newly set up software laboratory will present the potentiality of HP suite of Software Solutions fulfilling business requirements in Performance Legalization, Application Safety, Quality Assurance, and Busines Service Management space.

Hexaware Technologies posted a steady increase in its standalone net profit for the three month period ended December 2010.

During the three month period, the company's profit surged 13.57% to Rs 326.32 million as against Rs 287.32 million during the corresponding period of 2009.

Company's net sales during the quarter grew by 7.46% to Rs 1,258.52 million.

The total income during the quarter increased by 5.95% to Rs 1,334.24 million as against the same period of last year.

The company recorded an EPS of Rs 2.25 per share in Oct-Dec period, recording 12.50% increase over prior year period.