Buy HCL Technologies, target Rs 985: Dr CK Narayan

Dr CK Narayan of Chart Advise has a buy call on HCL Technologies Ltd. with a target price of Rs 985. The current market price of HCL Technologies Ltd. is Rs 971.25 Time period given by analyst is Intra Day when HCL Technologies Ltd. price can reach defined target. Dr CK Narayan recommended to keep stoploss at Rs 961. HCL Technologies Ltd., incorporated in 1991, is a largecap company with a market cap of Rs 131726.88 crore. HCL Technologies Ltd. key Products/Revenue Segments include Software Development Charges which contributed Rs 21859.00 Crore to Sales Value (99.03 % of Total Sales) and Computer Hardware & Software which contributed Rs 214.00 Crore to Sales Value (0.96 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 30-09-2018, the company has reported a Consolidated sales of Rs 14860.00 Crore, up 7.08 % from last quarter Sales of Rs 13878.00 Crore and up 19.52 % from last year same quarter Sales of Rs 12433.00 Crore Company has reported net profit after tax of Rs 2534.00 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.Sudhindar Krishan Khanna, Mr.Thomas Sieber, Ms.Nishi Vasudeva, Ms.Robin Abrams, Ms.Roshni Nadar Malhotra. Company has B S R & Associates LLP as its auditoRs As on 31-12-2018, the company has a total of 1,356,261,268 shares outstanding.