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Buy HCL Technologies; target of Rs 1454: Geojit

Geojit is bullish on HCL Technologies has recommended buy rating on the stock with a target price of Rs 1454 in its research report dated October 20, 2021.

October 25, 2021 / 12:14 PM IST
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Geojit's research report on HCL Technologies

HCL Technologies Limited provides software development business process outsourcing, information technology and infrastructure services. The company is spread across 49 countries with 170,000+ employees and its client base, including 250 of the fortune 500 companies. Consolidated revenue rose 11.1% YoY, on the back of continued strong demand-driven growth seen in IT & Business and Engineering & R&D Services segments.


Though margins remain under pressure in the near-term, we continue to maintain a positive long-term outlook and hereby retain our BUY rating on the stock with a revised TP of Rs. 1,454 based on 25x FY23E adj. EPS.


For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

Broker Research
first published: Oct 25, 2021 12:14 pm

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