Buy HCL Technologies; target of Rs 1250: Sharekhan

September 18
16:24 2019

Sharekhan’s research report on HCL Technologies

Management sees no material changes in the business environment despite macro uncertainties; HCL Tech is expected to achieve the top end of its revenue guidance. EBIT margin is expected to improve significantly in Q2/Q3 despite wage revision, led by revenue contribution from acquisition of IBM products. Strong revenue growth and reasonable valuation makes HCL Tech an attractive investment.


We maintain our Buy rating on HCL Technologies (HCL Tech) with an unchanged PT of Rs. 1,250.

For all recommendations report, click here

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