Street View: India's HCL Tech to see high rev growth in medium term
** Shares of HCL Technologies HCLT.NS rise 1.5% to 1,745.2 rupees
** Stock top gainer on Nifty IT index .NIFTYIT and among top gainers on benchmark Nifty 50 index .NSEI, which hits a record high
FOCUS ON AREAS FOR GROWTH IN THE MEDIUM TERM
** Phillip Capital ("buy", PT: 1,950 rupees) says co's well balanced services portfolio, better deal conversion and strong pipeline to aid revenue growth in medium term
** Emkay Research ("add", PT: 1,850 rupees) says HCLT well placed to benefit from growing addressable IT services market and its investments, which create opportunities for double-digit percentage growth in the medium term
** Motilal Oswal ("buy", PT: 2,000 rupees) said HCLT warrants multiple premiums to rival Infosys INFY.NS; co well stacked to capture demand across IT services
** Kotak Institutional Equities ("add", PT: 1,740 rupees) says benefits from gen AI and proactive cost reduction proposals indicate willingness to take risky bets to gain market share
Reporting by Ashna Teresa Britto in Bengaluru
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
