Buy HCL Technologies, target Rs 1,015: Rakesh Bansal

Rakesh Bansal of R K Global has a buy call on HCL Technologies with a target price of Rs 1,015. The stock price has demonstrated a positive crossover of the momentum indicators. This crossover is technically considered bullish crossover.

The current market price of HCL Technologies is Rs 979.60.

Time period given by the analyst is 'Intra Day' when HCL Technologies price can reach defined target.


Rakesh Bansal recommended keeping a stop loss at Rs 954.80.

HCL Technologies, incorporated in the year 1991, is a Large Cap company (having a market cap of Rs 1,36,384.46 Crore) operating in Information Technology sector.

The company’s top management includes Dr.Sosale Shankara Sastry, Mr.Deepak Kapoor, Mr.Keki Mistry, Mr.Ramanathan Srinivasan, Mr.Shiv Nadar, Mr.Subramanian Madhavan, Mr.Sudhinder Krishan Khanna, Mr.Thomas Sieber, Ms.Nishi Vasudeva, Ms.Robin Abrams, Ms.Roshni Nadar Malhotra.

The company has S R Batliboi & Co. LLP as its auditors.

As on 31-12-2017, the company has a total of 1,392,124,464 shares outstanding.