BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Credit Suisse maintains outperform on HCL Tech
2014 could be the year for some multiple expansion. The stock has gained 75 per cent in 2013, but there has been no movement in price earnings multiple. Growth in software services will be required for re-rating. Could be further upward earnings revisions as well. Target Rs 1425.