Independent Analyst Kunal Bothra has a buy call on HCL Technologies Ltd. with a target price of Rs 605. The current price of HCL Technologies Ltd. is Rs 586.25. Kunal Bothra recommended to keep a stop loss at Rs 575.
HCL Technologies Ltd., incorporated in the year 1991, is a Large Cap company (having a market cap of Rs 155615.12 Crore) operating in IT Software sector.
HCL Technologies Ltd. key Products/Revenue Segments include Software Development Charges which contributed Rs 25834 Crore to Sales Value (99.31 % of Total Sales) and Computer Hardware & Software which contributed Rs 178 Crore to Sales Value (0.68 % of Total Sales) for the year ending 31-Mar-2019.
For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 17527 Crore, up 6.70 % from last quarter sales of Rs 16427 Crore and up 17.95 % from last year same quarter sales of Rs 14860 Crore. Company has reported net profit after tax of Rs 2711 Crore in latest quarter.
Source: Economic Times
