Choice Equity Broking's report on HCL Technologies
HCLT has made significant strategic investments over a period of time, resulting in strong Q2 performance. The company has reached a major milestone of USD 100Mn in advanced AI revenue, which contributes 3% to its top-line. The company’s strategy is to invest in building intellectual property, deepening partnerships and strengthening go-to-market delivery teams to scale up AI adoption for clients backed by its AI Force platform. This, we believe, would lead to improved financial performance for HCLT, going ahead.
Outlook
Hence, we have revised our estimate upwards and expect Revenue/EBIT/PAT to expand at a CAGR of 8.7%/8.5%/7.7%, respectively, over FY25–FY28E. Thus, we recommend our BUY rating with a revised target price of INR 1,720.
For all recommendations report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
