Kotak Securities Limited has purchase name on HCL Technologies with a goal value of Rs 1075. The present market value of HCL Technologies is Rs 1044.55.Kotak Securities Limited really useful to maintain stoploss at Rs 1025.

HCL Technologies, included within the yr 1991, is a Large Cap firm (having a market cap of Rs 284989.11 Crore) working in IT Software sector.

HCL Technologies key Products/Revenue Segments embrace Software Development Charges and Computer Hardware & Software for the yr ending 31-Mar-2022.

Financials

For the quarter ended 30-09-2022, the corporate has reported a Consolidated Total Income of Rs 24922.00 Crore, up 4.39 % from final quarter Total Income of Rs 23873.00 Crore and up 19.27 % from final yr identical quarter Total Income of Rs 20895.00 Crore. Company has reported internet revenue after tax of Rs 3487.00 Crore in newest quarter.

The firm’s high administration consists of Ms.Roshni Nadar Malhotra, Ms.Vanitha Narayanan, Mr.Simon England, Dr.Mohan Chellappa, Mr.Deepak Kapoor, Ms.Nishi Vasudeva, Mr.Thomas Sieber, Mr.Subramanian Madhavan, Dr.Sosale Shankara Sastry, Ms.Robin Ann Abrams, Mr.R Srinivasan, Mr.Shikhar Malhotra, Mr.Shiv Nadar, Mr.C Vijayakumar. Company has B S R & Co. LLP as its auditors. As on 30-09-2022, the corporate has a complete of 271 Crore shares excellent.

Investment Rationale

Stock is into the buildup section and up to date bullish candlestick suggests robust reversal.

Promoter/FII Holdings
Promoters held 60.72 per cent stake within the firm as of 30-Sep-2022, whereas FIIs owned 17.91 per cent, DIIs 16.45 per cent.