HCL Tech stocks: Buy HCL Technologies, target price Rs 1070: JM Financial

has buy call on with a target price of Rs 1070. The current market price of . is Rs 975. Time period given by analyst is one year when HCL Technologies Ltd. price can reach defined target.

HCL Technologies Ltd., incorporated in the year 1991, is a Large Cap company (having a market cap of Rs 266617.60 Crore) operating in IT Software sector.

HCL Technologies Ltd. key Products/Revenue Segments include Software Development Charges and Computer Hardware & Software for the year ending 31-Mar-2022.

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For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 23873.00 Crore, up 4.19 % from last quarter Total Income of Rs 22914.00 Crore and up 17.47 % from last year same quarter Total Income of Rs 20323.00 Crore. Company reported net profit after tax of Rs 3281.00 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 60.72 per cent stake in the company as of 30-Jun-2022, while FIIs owned 17.91 per cent, DIIs 15.54 per cent.

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