Buy HCL Technologies, price target Rs 580: Chandan Taparia

Chandan Taparia of Motilal Oswal Securities has a buy call on HCL Technologies Ltd. with a target price of Rs 580.0 . The current price of HCL Technologies Ltd. is Rs 559.25 . Chandan Taparia recommended to keep a stoploss at Rs 535 .

HCL Technologies Ltd., incorporated in the year 1991, is a Large Cap company (having a market cap of Rs 148939.51 Crore) operating in IT Software sector.

HCL Technologies Ltd. key Products/Revenue Segments include Software Development Charges which contributed Rs 25834.00 Crore to Sales Value (99.31 % of Total Sales) and Computer Hardware & Software which contributed Rs 178.00 Crore to Sales Value (0.68 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 31-12-2019, the company has reported a Consolidated sales of Rs 18135.00 Crore, up 3.47 % from last quarter Sales of Rs 17527.00 Crore and up 15.52 % from last year same quarter Sales of Rs 15699.00 Crore Company has reported net profit after tax of Rs 2944.00 Crore in latest quarter.