Motilal Oswal has given a buy rating to HCL Technologies with a target price of Rs 945. The share price moved up by 0.60 per cent from its previous close of Rs 827.80. The stock’s last traded price is Rs 822.90.

HCL Technologies Ltd., incorporated in the year 1991, is a Large Cap company (having a market cap of Rs 225586.98 Crore) operating in IT Software sector.

Financials
For the quarter ended 30-06-2020, the company reported a Consolidated sales of Rs 17842.00 Crore, down 4.01 % from last quarter Sales of Rs 18587.00 Crore and up 8.61 % from last year same quarter Sales of Rs 16427.00 Crore. The Company reported net profit after tax of Rs 2935.00 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 60.3 per cent stake in the company as of June 30, 2020, while FIIs held 25.6 per cent, DIIs held 10.1 and public and others 4 per cent.