Moneycontrol Be a Pro
Get App
Last Updated : Sep 18, 2019 02:24 PM IST | Source: Moneycontrol.com

Buy HCL Technologies; target of Rs 1250: Sharekhan

Sharekhan is bullish on HCL Technologies has recommended buy rating on the stock with a target price of Rs 1250 in its research report dated September 17, 2019.

Broker Research @moneycontrolcom
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Sharekhan's research report on HCL Technologies


Management sees no material changes in the business environment despite macro uncertainties; HCL Tech is expected to achieve the top end of its revenue guidance. EBIT margin is expected to improve significantly in Q2/Q3 despite wage revision, led by revenue contribution from acquisition of IBM products. Strong revenue growth and reasonable valuation makes HCL Tech an attractive investment.


Outlook


We maintain our Buy rating on HCL Technologies (HCL Tech) with an unchanged PT of Rs. 1,250.


For all recommendations report, 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.




The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .
First Published on Sep 18, 2019 02:24 pm
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant