{"id":9110,"date":"2016-05-16T10:37:44","date_gmt":"2016-05-16T05:07:44","guid":{"rendered":"https:\/\/blog.fundsindia.com\/blog\/?p=9110"},"modified":"2016-05-18T10:40:37","modified_gmt":"2016-05-18T05:10:37","slug":"hcl-technologies-ltd","status":"publish","type":"post","link":"https:\/\/www.fundsindia.com\/blog\/equities\/hcl-technologies-ltd\/9110","title":{"rendered":"HCL Technologies Ltd."},"content":{"rendered":"<p style=\"text-align: justify;\">Incorporated in 1991, HCL Technologies is engaged in providing a range of software, business\u00a0process outsourcing and IT infrastructure services. The company provides technology service\u00a0across various verticals including financial services, \u00a0anufacturing (automotive, aerospace, hitech\u00a0and semiconductors), telecom, retail and consumer packaged goods services.\u00a0Geographically, the company has diverse presence across 32 countries including Americas,\u00a0Europe, Asia Pacific, Middle East and Africa. Its global strategic alliances have some reputed\u00a0names that includes Microsoft, Cisco, SAP, HP, etc. It has a strong workforce of more than\u00a0104,000 employees.<\/p>\n<div class=\"blog-highlight\" style=\"clear: both; background: #2baae2; border: none; width: 60%; text-align: center; box-shadow: 0 5px 5px rgba(0, 0, 0, 0.5);\"><a style=\"text-decoration: none;\" href=\"http:\/\/www.fundsindia.com\/content\/jsp\/registration\/login.jsp?ref=blog-button\" target=\"_blank\"> <span style=\"color: #fff; font-weight: bold;\">Open<\/span> <span style=\"color: #fff; font-weight: bold; text-decoration: none;\"> a FREE Account Now! <\/span><\/a><\/div>\n<p><strong>Valuation and View<\/strong><\/p>\n<p style=\"text-align: justify;\">Sustained momentum in large deal coupled with its competence in the\u00a0IMS and ER&amp;D space, will aid growth and provides scalability to its business. We\u00a0expect revenue and Adj. PAT to grow at a CAGR of ~31% and ~22% over FY16-18E.\u00a0We initiate coverage on the stock with a BUY rating with a target price of Rs. 828\u00a0(based on FY18E P\/E of 14x), implies a potential upside of ~15% over the next 1 year.<\/p>\n<p><a href=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2016\/05\/Research-Report-HCL-Technologies-Ltd.pdf\">Research Report HCL Technologies Ltd<\/a><\/p>\n<p><i>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.\u00a0<a href=\"http:\/\/pages.fundsindia.com\/pages\/disclaimer-equities\/\">Click here<\/a>\u00a0to read our full disclaimer.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Incorporated in 1991, HCL Technologies is engaged in providing a range of software, business\u00a0process outsourcing and IT infrastructure services. The company provides technology service\u00a0across various verticals including financial services, \u00a0anufacturing (automotive, aerospace, hitech\u00a0and semiconductors), telecom, retail and consumer packaged goods services.\u00a0Geographically, the company has diverse presence across 32 countries including Americas,\u00a0Europe, Asia Pacific, Middle East [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[59],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>HCL Technologies Ltd.<\/title>\n<meta name=\"description\" content=\"Find the latest research report on HCL Technologies Ltd. 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