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.
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.
We maintain our Buy rating on HCL Technologies (HCL Tech) with an unchanged PT of Rs. 1,250.
For all recommendations report, click here
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