Buy HCL Technologies, target price Rs 1750: BNP Paribas Securities

BNP Paribas has buy call on HCL Technologies with a target price of Rs 1750. The current market price of HCL Technologies is Rs 1483.65.

HCL Technologies Ltd., incorporated in the year 1991, is a Large Cap company (having a market cap of Rs 401839.53 Crore) operating in IT Software sector.

HCL Technologies Ltd. key Products/Revenue Segments include Software Development Charges and Computer Hardware & Software for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 28915.00 Crore, up .34 % from last quarter Total Income of Rs 28816.00 Crore and up 6.86 % from last year same quarter Total Income of Rs 27059.00 Crore. Company reported net profit after tax of Rs 3995.00 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 60.81 per cent stake in the company as of 31-Mar-2024, while FIIs owned 19.65 per cent, DIIs 14.88 per cent.