Time period given by analyst is one year when HCL Technologies Ltd. price can reach defined target.
HCL Technologies Ltd., incorporated in the year 1991, is a Large Cap company (having a market cap of Rs 328543.43 Crore) operating in IT Software sector.
HCL Technologies Ltd. key Products/Revenue Segments include Software Development Charges and Computer Hardware & Software for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 20895.00 Crore, up 2.81 % from last quarter Total Income of Rs 20323.00 Crore and up 11.19 % from last year same quarter Total Income of Rs 18793.00 Crore. Company reported net profit after tax of Rs 3263.00 Crore in latest quarter.
Investment Rationale
Though margins remain under pressure in the near-term, we continue to maintain a positive long-term outlook and hereby retain BUY rating on the stock with a revised TP of Rs. 1,454 based on 25x FY23E adj. EPS.
Promoter/FII Holdings
Promoters held 60.33 per cent stake in the company as of 30-Sep-2021, while FIIs owned 22.3 per cent, DIIs 12.47 per cent.
(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
