Buy HCL Technologies, target Rs 945: Reliance Securities
Buy HCL Technologies at a price target of Rs 945 and a stop loss at Rs 825 from entry point.
By ETMarkets.com |
Vikas Jain, Sr. Research Analyst of Reliance Securities has a buy call on HCL Technologies with a target price of Rs 945.
The current market price of HCL Technologies is Rs 839.75.
Time period given by the analyst is one month when HCL Technologies price can reach defined target.
Vikas Jain recommended to keep a stop loss at Rs 825.
In a report, the analyst said, "The stock rose to 52-week high forming higher top higher bottom pattern on the daily chart. Couple of days back, it had witnessed sharp decline from the recent peak but later managed to hold further decline with a narrow range consolidation. Reversal in RSI from its oversold zone is signaling that the stock is on a verge of turnaround."
HCL Technologies, incorporated in the year 1991, is a Large Cap company (having a market cap of Rs 1,17,981.20 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.
Company has S R Batliboi & Co. LLP as its auditors.
As on 30-09-2017, the company has a total of 1,392,026,464 shares outstanding.
The current market price of HCL Technologies is Rs 839.75.
Time period given by the analyst is one month when HCL Technologies price can reach defined target.
Vikas Jain recommended to keep a stop loss at Rs 825.
In a report, the analyst said, "The stock rose to 52-week high forming higher top higher bottom pattern on the daily chart. Couple of days back, it had witnessed sharp decline from the recent peak but later managed to hold further decline with a narrow range consolidation. Reversal in RSI from its oversold zone is signaling that the stock is on a verge of turnaround."
HCL Technologies, incorporated in the year 1991, is a Large Cap company (having a market cap of Rs 1,17,981.20 Crore) operating in Information Technology sector.
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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.
Company has S R Batliboi & Co. LLP as its auditors.
As on 30-09-2017, the company has a total of 1,392,026,464 shares outstanding.
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