IIFL Research's Recommendation: Buy Hcl Technologies with Target Price ₹ 1730

IIFL Research has buy call on Hcl Technologies at current market price of Rs 1674.45. The target price of Hcl Technologies is Rs 1730.

About Hcl Technologies:

HCL Technologies is a leading global technology company headquartered in Noida, India. Founded in 1976, it provides a wide range of technology services, including application development, infrastructure management, and business process outsourcing. HCL has a strong presence in the healthcare, financial services, and manufacturing industries. With over 200,000 employees worldwide and a revenue of over $10 billion, HCL is one of the largest IT companies in India and a prominent player in the global technology landscape.

52 Week Price Trend:

HCL Technologies Limited (HCLTECH) currently trades at Rs 1674.45, hovering near its 52-week high of Rs 1697.35. The stock has witnessed significant growth from its 52-week low of Rs 1016.25, indicating a positive trend and investor confidence.

Stratzy's Analysis:

HCLTECH has been rated AAA by Stratzy's MOST Framework, indicating low fundamental risks. This rating signifies strong management, a positive outlook, financial safety, and favorable market trend. The AAA rating suggests that HCLTECH is a financially sound and well-managed company with growth potential, making it an attractive investment option.

Company's Fundamentals:

HCL Technologies (NSE: HCLTECH) has a current stock PE ratio of 28.53, indicating that investors are willing to pay 28.53 times the company's earnings per share for each share of stock. The PB Ratio of 6.82 suggests that investors are paying 6.82 times the company's book value for each share of stock. Additionally, HCL Technologies currently offers a dividend yield of 3.15%, meaning that investors can earn 3.15% annually on their investment if they hold onto the stock over the long term.

Fundamental and Technical information provided in this blog were last updated on 13 Mar, 2024

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