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    Buy HCL Technologies, target price Rs 975: Kotak Securities

    Synopsis

    HCL Technologies Ltd., incorporated in the year 1991, is a Large Cap company (having a market cap of Rs 256739.85 Crore) operating in IT Software sector.

    HCL TechTHE ECONOMIC TIMES
    Promoters held 60.72 per cent stake in the company as of 30-Jun-2022, while FIIs owned 17.91 per cent, DIIs 15.54 per cent.
    Kotak Securities Limited has buy call on HCL Technologies with a target price of Rs 975. The current market price of HCL Technologies Ltd. is Rs 945.3. Time period given by analyst is Intra Day 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 256739.85 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-2022.


    Financials
    For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 23873.00 Crore, up 4.19 % from last quarter Total Income of Rs 22914.00 Crore and up 17.47 % from last year same quarter Total Income of Rs 20323.00 Crore. Company reported net profit after tax of Rs 3281.00 Crore in latest quarter.

    Investment Rationale
    Range breakout on the daily chart with incremental volumes suggests a new leg of upward momentum

    Promoter/FII Holdings
    Promoters held 60.72 per cent stake in the company as of 30-Jun-2022, while FIIs owned 17.91 per cent, DIIs 15.54 per cent.



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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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