Sharekhan is bullish on HCL Technologies has recommended buy rating on the stock with a target price of Rs 1275 in its research report dated October 23, 2019.
Sharekhan's research report on HCL Technologies
Strong revenue growth, while EBIT margin came at 20.0%, up 287 BPS q-o-q, ahead of our our estimates. Raised FY2020E revenue growth guidance to 15-17% from 14-16% earlier, with increase in organic growth to 10-11% Strong revenue growth and reasonable valuation makes HCL Tech an attractive investment.
We maintain our Buy rating on HCL Technologies (HCL Tech) with a revised PT of Rs. 1,275.
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