Information Technology: Moderating, yet Strong
IT index is up >40% (mid-tier >100%) over the past year, supported by (1) earnings upgrade of ~5% for tier-1 IT and ~20% for mid-tier IT and...
304 Views
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...
205 Views
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...
190 Views
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...
234 Views
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....
310 Views