Buy HCL Technologies, target price Rs 1130: Axis Securities

Buy HCL Technologies, target price Rs 1130: Axis Securities
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Synopsis

HCL Technologies Ltd., incorporated in the year 1991, is a Large Cap company (having a market cap of Rs 280199.49 Crore) operating in IT Software sector.

Agencies
Promoters held 60.72 per cent stake in the company as of 31-Mar-2022, while FIIs owned 18.97 per cent, DIIs 14.68 per cent.
Axis Securities has buy call on HCL Technologies with a target price of Rs 1130. The current market price of is Rs 1032.95. Time period given by analyst is 3 weeks when . price can reach defined target.

HCL Technologies Ltd., incorporated in the year 1991, is a Large Cap company (having a market cap of Rs 280199.49 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-2022.


Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 24922.00 Crore, up 4.39 % from last quarter Total Income of Rs 23873.00 Crore and up 19.27 % from last year same quarter Total Income of Rs 20895.00 Crore. Company reported net profit after tax of Rs 3487.00 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 60.72 per cent stake in the company as of 30-Sep-2022, while FIIs owned 17.91 per cent, DIIs 16.45 per cent.
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