Buy HCL Tech, target price Rs 1300: Motilal Oswal

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Buy HCL Tech, target price Rs 1300:  Motilal Oswal


Motilal Oswal has buy call on HCL Technologies with a target price of Rs 1300. The current market price of is Rs 947.75.

HCL Technologies Ltd., incorporated in the year 1991, is a Large Cap company (having a market cap of Rs 257391.13 Crore) operating in IT Software sector.

Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 19491 Crore, up 3.71 % from last quarter Total Income of Rs 18793 Crore and up 6.55 % from last year same quarter Total Income of Rs 18292 Crore. Company reported net profit after tax of Rs 3977.00 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.





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