Keynotes Financial Opiniery is bullish on HCL Technologies has recommended buy rating on the stock with a target price of Rs 1070 in its research report dated March 26, 2019.
Keynotes Financial Opiniery's research report on HCL Technologies
HCL Technologies is a leading global technology company that helps global enterprises re-image and transform their businesses through digital technology transformation. HCL focuses on providing an integrated portfolio services underlined by its Mode 1-2-3 growth strategy. Mode 1 encompasses the core services in the areas of applications, Infrastructure, BPO, Engineering & R& D services, leveraging DRYiCE autonomies to transform client’s business and IT landscape, making them ‘lean’ and ‘agile’. Mode 2 focuses on experience-centric and outcome oriented integrated offerings of Digital & Analytics, IoT WoRKS, cloud native services and cybersecurity & GRC services to drive business outcomes and enable enterprise digitalization. Mode 3 strategy is ecosystem-driven, creating innovative IP-partnerships to build products and platforms business. HCL leverages its global network of integrated co-innovation labs and global delivery capabilities to provide holistic multi services delivery in key industrial verticals including financial services, manufacturing, telecommunications, media, publishing & government.
On the basis of Discount Cash Flow Valuation Method, we are recommending ‘Buy’ for the stock. Since the stock offers good opportunity, we initiate a ‘BUY’ signal on the stock with 12-month price target of Rs 1070/- share an upside of 20% from current levels.
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