Buy HCL Technologies; target of Rs 1058: Edelweiss

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

live

• bselive
• nselive

Volume

Todays L/H

More

×

Edelweiss' research report on HCL Technologies

HCL Technologies’ (HCLT) Q4FY17 revenue at USD 1,817mn jumped 4.1% QoQ (3.8% in CC terms) versus Street’s 3.1% growth estimate. EBITDA margin at 22.0% came in line with Street’s estimate. Management has guided for 10.5-12.5% CC revenue growth and 19.5-20.5% operating margin in FY18.

Outlook

We maintain our thesis that with a significant portion of the portfolio geared towards IMS, ER&D and digital, HCLT is poised to report modest revenue growth. Maintain ‘BUY’ with INR 1,058 target price.

For all recommendations, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Read More