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HomeMarketStocksBuy HCL Technologies, target price Rs 1075: Kotak Securities

Buy HCL Technologies, target price Rs 1075: Kotak Securities

Kotak Securities Restricted has purchase name on HCL Applied sciences with a goal worth of Rs 1075. The present market worth of HCL Applied sciences is Rs 1044.55.Kotak Securities Restricted really useful to maintain stoploss at Rs 1025.

HCL Applied sciences, included within the 12 months 1991, is a Massive Cap firm (having a market cap of Rs 284989.11 Crore) working in IT Software program sector.

HCL Applied sciences key Merchandise/Income Segments embrace Software program Growth Expenses and Pc {Hardware} & Software program for the 12 months ending 31-Mar-2022.


For the quarter ended 30-09-2022, the corporate has reported a Consolidated Complete Earnings of Rs 24922.00 Crore, up 4.39 % from final quarter Complete Earnings of Rs 23873.00 Crore and up 19.27 % from final 12 months identical quarter Complete Earnings of Rs 20895.00 Crore. Firm has reported internet revenue after tax of Rs 3487.00 Crore in newest quarter.

The corporate’s high administration consists of Ms.Roshni Nadar Malhotra, Ms.Vanitha Narayanan, Mr.Simon England, Dr.Mohan Chellappa, Mr.Deepak Kapoor, Ms.Nishi Vasudeva, Mr.Thomas Sieber, Mr.Subramanian Madhavan, Dr.Sosale Shankara Sastry, Ms.Robin Ann Abrams, Mr.R Srinivasan, Mr.Shikhar Malhotra, Mr.Shiv Nadar, Mr.C Vijayakumar. Firm has B S R & Co. LLP as its auditors. As on 30-09-2022, the corporate has a complete of 271 Crore shares excellent.

Funding Rationale

Inventory is into the buildup part and up to date bullish candlestick suggests robust reversal.

Promoter/FII Holdings
Promoters held 60.72 per cent stake within the firm as of 30-Sep-2022, whereas FIIs owned 17.91 per cent, DIIs 16.45 per cent.

(Disclaimer: Suggestions given on this part or any studies connected herein are authored by an exterior social gathering. Views expressed are that of the respective authors/entities. These don’t characterize the views of Financial Instances (ET). ET doesn’t assure, vouch for, endorse any of its contents and hereby disclaims all warranties, categorical or implied, referring to the identical. Please seek the advice of your monetary adviser and search unbiased recommendation.

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