Buy HCL Technologies, target price Rs 1,195: Shubham Aggarwal
Shubham Aggarwal recommended to keep stoploss at Rs 1125.
HCL Technologies Ltd., incorporated in the year 1991, is a Large Cap company (having a market cap of Rs 155810.39 Crore) operating in IT Software sector.
HCL Technologies Ltd. key Products/Revenue Segments include Software Development Charges which contributed Rs 25834.00 Crore to Sales Value (99.31 % of Total Sales) and Computer Hardware & Software which contributed Rs 178.00 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 17527.00 Crore, up 6.70 % from last quarter Sales of Rs 16427.00 Crore and up 17.95 % from last year same quarter Sales of Rs 14860.00 Crore Company has reported net profit after tax of Rs 2711.00 Crore in latest quarter. The company’s top management includes Dr.Mohan Chellappa, Dr.Sosale Shankara Sastry, Mr.Deepak Kapoor, Mr.R Srinivasan, Mr.S Madhavan, Mr.Shikhar Malhotra, Mr.Shiv Nadar, Mr.Thomas Sieber, Ms.Nishi Vasudeva, Ms.Robin Abrams, Ms.Roshni Nadar Malhotra. Company has S R Batliboi & Co. LLP as its auditoRs As on 30-09-2019, the company has a total of 1,356,401,188 shares outstanding.