Technical analyst Parsh Zaveri of Zaveri Investment has maintained 'buy' rating on Hexaware Technologies Limited stock with a target of Rs 130.

According to analyst, the investors can buy the stock with a stop loss of Rs 115.

The stock of the company, on January 14, marked its closure at Rs 119.05 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 130 and a low of Rs 65.10 on BSE.

Current EPS & P/E ratio stood at 8.72 and 13.61 respectively.

In order to observe its 20th anniversary, Hexaware Technologies has made announcement about a 1:1 bonus share issue.

As per latest reports, the bonus shares declared shall be credited on or before March 9.

The company's directors also announced a special interim dividend of Rs 1 per share (50 per cent) on shares of Rs 2 each.

Company's Chairman ATul Nishar said, "The bonus issue is to reward shareholders on completion of 20 years. The bonus is more relevant, as we are quite positive about growth and margin expansion, which allows us to offer a consistent stream of healthy dividend outflows even on an expanded share capital base."

Besides, the Mumbai-based information technology services company is eyeing to record a 6.5% growth rate in a seasonally weak quarter.