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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HCL Technologies: Minimum 75% Payout for FY22-26
HCL Technologies (HCLT) offers IT, ER&D and products to BFSI, retail, health, telecommunication, manufacturing, media & hi-tech verticals.
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HCL Technologies: Marginally Weaker Performance; Outlook Continues to Be Robust
We recommend a BUY on the stock and assign a 21x P/E multiple to its FY24E earnings of Rs 65.8/share which gives a TP of Rs 1,390/share, indicating...
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HSIE Results Daily: HCL Technologies, Cyient
Cyient reported a good quarter; revenue was up 4.6% QoQ (in line with estimate) and margin performed better than expected. The services segment...
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