Buy HCL Technologies, target price Rs 1430: Emkay Global

Synopsis

HCL Technologies Ltd., incorporated in the year 1991, is a Large Cap company (having a market cap of Rs 312220.74 Crore) operating in IT Software sector.

hcl technologiesETtech
Promoters held 60.33 per cent stake in the company as of 31-Dec-2021, while FIIs owned 20.43 per cent, DIIs 13.73 per cent.

Emkay Global has buy call on HCL Technologies Ltd. with a target price of Rs 1430. The current market price of HCL Technologies Ltd. is Rs 1151.55. Time period given by analyst is one year when HCL Technologies Ltd. price can reach defined target.

HCL Technologies Ltd., incorporated in the year 1991, is a Large Cap company (having a market cap of Rs 312220.74 Crore) operating in IT Software sector.

HCL Technologies Ltd. key Products/Revenue Segments include Software Development Charges and Computer Hardware & Software for the year ending 31-Mar-2021.

Financials

For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 22586.00 Crore, up 8.09 % from last quarter Total Income of Rs 20895.00 Crore and up 15.88 % from last year same quarter Total Income of Rs 19491.00 Crore. Company reported net profit after tax of Rs 3448.00 Crore in latest quarter.

Promoter/FII Holdings

Promoters held 60.33 per cent stake in the company as of 31-Dec-2021, while FIIs owned 20.43 per cent, DIIs 13.73 per cent.

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