Buy HCL Technologies, target Rs 1060: Kunal Bothra

Independent analyst Kunal Bothra has a buy call on HCL Technologies Ltd. with a target price of Rs 1060. The current market price of HCL Technologies Ltd. is Rs 1024.7 Time period given by the analyst is Intra Day when HCL Technologies Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 1005. HCL Technologies Ltd., incorporated in 1991, is a largecap company with a market cap of Rs 142691.69 crore.

HCL Technologies Ltd. key Products/Revenue Segments include Software Development Charges which contributed Rs 19150.19 Crore to Sales Value (99.12 % of Total Sales) and Computer Hardware & Software which contributed Rs 168.12 Crore to Sales Value (0.87 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-06-2018, the company has reported a Consolidated sales of Rs 13878.00 Crore, up 5.31 % from last quarter Sales of Rs 13178.00 Crore and up 14.23 % from last year same quarter Sales of Rs 12149.00 Crore Company has reported net profit after tax of Rs 2431.00 Crore in latest quarter. The company’s top management includes Dr.Sosale Shankara Sastry, Mr.Deepak Kapoor, Mr.James Philip Adamczyk, 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. Company has S R Batliboi & Co. LLP as its auditoRs As on 30-06-2018, the company has a total of 1,392,406,704 shares outstanding.