Insights

HCL Technologies Ltd

May 22, 2018 . Equities Desk

HCL Technologies is engaged in providing a range of software, business process outsourcing and IT infrastructure services. The company has a wide geographical presence across 32 countries. It has a strong workforce of more than 120,000 employees.

Valuations: Despite factoring 11% revenue CAGR over FY18-20E, PAT is expected to grow at modest CAGR of 6% over FY18-20E owing to higher amortisation cost and tax rate. We maintain ‘BUY’ rating on the stock with revised TP of Rs. 993 based on 14xFY20E.

Research-Report – HCL Tech Ltd

Investments in equity shares, debentures, etc., are not obligations of, or guaranteed by Wealth India Financial Services Pvt. Ltd., and are subject to investment risks. Click here to read our full disclaimer.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.