Buy HCL Technologies; target of Rs 1220: ICICI Direct

ICICI Direct is bullish on HCL Technologies recommended buy rating on the stock with a target price of Rs 1220 in its research report dated January 13, 2023.

Broker Research

January 16, 2023 / 18:20 IST

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ICICI Direct's research report on HCL Technologies

HCL Technologies (HCLT) offers IT, ER&D and products to BFSI, retail, health, telecommunication, manufacturing, media & hi-tech verticals. HCL Tech has 250 Fortune 500 and 650 global 2000 clients • It has grown organically and inorganically (13% CAGR over FY17-22).

Outlook

We maintain our BUY rating on the stock. We value HCLT at Rs 1220 i.e. 19x P/E on FY25E EPS.

For all recommendations report, click here

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HCL Technologies - 16 -01-2023 - icici

Broker Research

first published: Jan 16, 2023 06:20 pm

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