Buy HCL Technologies, target price Rs 1285: Motilal Oswal

Motilal Oswal has buy call on HCL Technologies Ltd. with a target price of Rs 1285. The current market price of HCL Technologies Ltd. is Rs 1022.85.

HCL Technologies Ltd., incorporated in the year 1991, is a Large Cap company (having a market cap of Rs 275667.67 Crore) operating in IT Software sector.

Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 19491.00 Crore, up 3.71 % from last quarter Total Income of Rs 18793.00 Crore and up 6.55 % from last year same quarter Total Income of Rs 18292.00 Crore. Company reported net profit after tax of Rs 3977.00 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 60.3 per cent stake in the company as of June 30, 2020, while FIIs held 25.6 per cent, DIIs held 10.1 and public and others 4 per cent.