Live Markets »News & Advice»Latest Stories»Latest Stories Details
Latest Stories Details
Back

Expert's View: HCL Technologies

SI Reporter/Mumbai 31 Jul 13 | 04:13 PM
Related to : HCL Technologies Ltd
 HCL Technologies Ltd
tradenow

BSE   17 Apr 14 | 12:00 AM

1424.30  14.9 (1.06%)

NSE   17 Apr 14 | 12:00 AM

1424.75  12.25 (0.87%)

HCL Technologies reported PAT of Rs. 12bn was ahead of estimate led by volume growth and forex gains. During the quarter, HCL booked in excess of US$ 1 Billion, including 12 multi - year deals lending visibility to future growth. We maintain Buy  on HCL Technologies.

Rikesh Parikh, VP – Equities, Motilal Oswal Securities Ltd



---------------------------------------------------

HCL Tech strong quarterly performance was largely backed by 8.6% qoq growth in Infrastructure services (30% of overall revenue). Further, consistent reduction in the direct cost remains the surprise (530 bps contraction in direct cost in last eight quarters). We have a HOLD on stock with target price of Rs.852. At CMP of Rs. 925, the stock is trading at 14.4x FY14E (June YE) and 13.3x FY15E (June YE) EPS estimates.

 

Related Stories

    No Related Stories Found

Daljeet S Kohli - Head Research IndiaNivesh Securities Private Limited

Sensex

Company Price Gain (%)
Hindalco Inds.141.304.40
Tata Motors428.654.24
ICICI Bank1,262.003.25
B H E L181.053.10
St Bk of India2,017.802.96

Poll

Will TCS outperform Infosys in terms of profit growth in Q4?


Online Portfolio

You can create Online Portfolio here using the below button.