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Buy HCL Tech, target Rs 1182: Anand Rathi

On profitability front, we expect company to report operating margins of around 22.9 percent in FY19E and 23.2 percent in FY20E., says a report by Anand Rathi.

December 10, 2018 / 11:26 IST
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(Image: HCL)

Anand Rathi

HCL Technologies is a next-generation global technology company that helps global enterprises transform their businesses through digital technology transformation.

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Strong positioning in high-growth engineering services business and strong outlook for digital and products & platforms businesses will help in delivering revenue growth going forward.

On profitability front, we expect company to report operating margins of around 22.9 percent in FY19E and 23.2 percent in FY20E.