Buy HCL Technologies, target price Rs 1160: Prabhudas Lilladher

Buy HCL Technologies, target price Rs 1160: Prabhudas Lilladher
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Synopsis

HCL Technologies Ltd., incorporated in the year 1991, is a Large Cap company (having a market cap of Rs 257404.70 Crore) operating in IT Software sector.

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Promoters held 60.3 per cent stake in the company as of June 30, 2020, while FIIs held 25.6 per cent, DIIs held 10.1 and public and others 4 per cent.

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Prabhudas Lilladher has buy call on with a target price of Rs 1160. The current market price of HCL Technologies Ltd. is Rs 963.75.

HCL Technologies Ltd., incorporated in the year 1991, is a Large Cap company (having a market cap of Rs 257404.70 Crore) operating in IT Software sector.

Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 19491.00 Crore, up 3.71 % from last quarter Total Income of Rs 18793.00 Crore and up 6.55 % from last year same quarter Total Income of Rs 18292.00 Crore. Company reported net profit after tax of Rs 3977.00 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 60.3 per cent stake in the company as of June 30, 2020, while FIIs held 25.6 per cent, DIIs held 10.1 and public and others 4 per cent.

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