Sharekhan's research report on HCL Technologies
Management has identified several growth vectors and sees an opportunity to deliver double-digit growth in the medium term. Company is seeing some improvement in demand environment especially in BFSI compared to last couple of quarters. Project Ascend launched to drive margin expansion and fund growth.
Outlook
We maintain Buy rating with revised price target (PT) of Rs 2,000 (valued at 27x Sep2026E EPS). At CMP, the stock trades at 27.3/25/22.7x its FY25/26/27E EPS.
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