Sell HCL Technologies, target Rs 1005: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has sell call on HCL Technologies Ltd. with a target price of Rs 1005.0 . The current market price of HCL Technologies Ltd. is Rs 1034.6 Time period given by analyst is Intra Day when HCL Technologies Ltd. price can reach defined target. Manas Jaiswal recommended to keep stoploss at Rs 1051. HCL Technologies Ltd., incorporated in the year 1991, is a Large Cap company (having a market cap of Rs 141539.62 Crore) operating in Information Technology sector.

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 31-12-2018, the company has reported a Consolidated sales of Rs 15699.00 Crore, up 5.65 % from last quarter Sales of Rs 14860.00 Crore and up 22.56 % from last year same quarter Sales of Rs 12809.00 Crore Company has reported net profit after tax of Rs 2605.00 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.