HCL Technologies: Stellar Performance; Outlook Continues To Be Robust
We recommend a BUY on the stock and assign a 24x P/E multiple to its FY24E earnings of Rs 67.4/share which gives a TP of Rs 1,600/share, indicating...
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Growth acceleration to compensate for margin hit
HCLT delivered an exceptionally strong revenue growth of 7.6% QoQ CC in 3QFY22, 310bp above our estimate, led by its troubled Products and...
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HSIE Results Daily: HCL Technologies
We maintain our BUY rating with a target price of INR 1,485, valuing the HCLT stock at 22x Mar-24E EPS, factoring in +13/14% CAGRs in revenue/EPS...
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Services strength to cushion any Product softness
We expect the robust performance in HCL's Services business, especially the ER&D vertical, to continue as the demand environment remains favorable....
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SENSEX Dec 21 Index Rebalance: Wipro Added, Bajaj Auto Deleted
Wipro will be added to the Sensex in December while Bajaj Auto will be deleted. Impact on both stocks is over 8 days of delivery volume to trade....
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