8/5/2026, 4:07:02 pm

ICICI Securities recommends buying Hexaware, targets Rs 580

Hexaware Technologies reported revenue growth slightly better than expected for Q1CY26, with EBIT margins also exceeding initial guidance. The company reiterated its CY26 guidance for 7.6% YoY USD growth and maintains a BUY rating, valuing the stock at 20x CY27E EPS (INR 580) due to attractive valuation and improving revenue growth and margin profile.