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Buy HCL Technologies, target price Rs 1750: BNP Paribas Securities

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July 3, 2024
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Buy HCL Technologies, target price Rs 1750:  BNP Paribas Securities
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BNP Paribas has buy call on HCL Technologies with a target price of Rs 1750. The current market price of HCL Technologies is Rs 1483.65.

HCL Technologies Ltd., incorporated in the year 1991, is a Large Cap company (having a market cap of Rs 401839.53 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-2023. Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 28915.00 Crore, up .34 % from last quarter Total Income of Rs 28816.00 Crore and up 6.86 % from last year same quarter Total Income of Rs 27059.00 Crore. Company reported net profit after tax of Rs 3995.00 Crore in latest quarter. Promoter/FII Holdings
Promoters held 60.81 per cent stake in the company as of 31-Mar-2024, while FIIs owned 19.65 per cent, DIIs 14.88 per cent.

(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.

Tags: BNPBuyHCLhcl ltdhcl techhcl technologieshcl technologies ltdHCL Technologies stocksmarket newsMarketsParibaspriceSecuritiesstockstargetTechnologies
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