Buy HCL Technologies, target Rs 795: Tejas Shah

Tejas Shah of Edelweiss Financial Services has Buy call on HCL Technologies Ltd. with a target price of Rs 795.0. The current market price of HCL Technologies Ltd. is 746.4. Time period given by analyst is week, when HCL Technologies Ltd. price can reach defined target. Tejas Shah recommended to keep stop loss at Rs 725. The stock has hit a high of Rs 754.55 and a low of Rs 742.50 in day's trading so far. The stock has hit a 52-week high of Rs 1006 and a low of Rs 706.40. The scrip has been moving above its 20-day m and 50-day moving averages but far below its 200-day average. The stock is trading at a P/E of 17.09 and a price-to-book value of 4.34.