Hold HCL Tech, target of Rs 343: Sharekhan

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Hold HCL Tech, target of Rs 343: Sharekhan

Sharekhan has maintained its hold rating on HCL Technologies with a revised target price of Rs 343. HCL Technologies (HCL Tech)' Q4FY2009 results were above street expectations led by better-than-expected operating performance and lower-than-expected foreign exchange (forex) losses.

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RELATED NEWS HCL Tech may shift to utility-based outsourcing in 2 yrs HCL Tech FY09 net income up 13.6% to Rs 1,278 cr ALSO READ See previous views by Sharekhan See what other Experts & Brokerages are saying about HCL Tech See messages about HCL Tech HCL Tech BSE | NSE 25/05/12 Are Mutual Funds betting on HCL Tech?

Sharekhan has maintained its hold rating on HCL Technologies with a revised target price of Rs 343 in its August 25, 2009 research report.

"HCL Technologies (HCL Tech)' Q4FY2009 results were above our as well as street expectations led by better-than-expected operating performance and lower-than-expected foreign exchange (forex) losses. We maintain our Hold recommendation on the stock with a revised price target of Rs 343," says Sharekhan's research report.

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