Buy HCL Technologies, target price Rs 1230: Religare Broking

economictimes.indiatimes.com:

HCL Technologies with a target price of Rs 1230. The current market price of HCL Technologies is Rs 1149.2.

Religare Broking recommended to keep stoploss at Rs 1110. HCL Technologies, incorporated in the year 1991, is a Large Cap company (having a market cap of Rs 312044.35 Crore) operating in IT Software sector.

HCL Technologies key Products/Revenue Segments include Software Development Charges and Computer Hardware & Software for the year ending 31-Mar-2022.Financials For the quarter ended 30-06-2023, the company has reported a Consolidated Total Income of Rs 26640.00 Crore, down -1.55 % from last quarter Total Income of Rs 27059.00 Crore and up 11.59 % from last year same quarter Total Income of Rs 23873.00 Crore. Company has reported net profit after tax of Rs 3531.00 Crore in latest quarter.Investment RationaleHCL Tech is looking best among the largecap IT basket.