Buy HCL Technologies; target of Rs 2000: Sharekhan

Sharekhan is bullish on HCL Technologies has recommended buy rating on the stock with a target price of Rs 2000 in its research report dated August 29, 2024.

Broker Research

August 30, 2024 / 11:01 IST

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Todays L/H

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.

For all recommendations report, click here

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HCL Technologies - 300824 - khan

Broker Research

first published: Aug 30, 2024 11:01 am

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