Profit

BSE Code: | NSE Code: | ISIN: | Sector:

NSE
1009.75
Change Change %
21.00 2.12%

Updated:16 Nov, 2018, 14:24 PM IST

BSE
1010.95
Change Change %
21.95 2.22%

Updated:16 Nov, 2018, 14:52 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Nirmal Bang
N/A
24-10-2016 Sell 831.05 718.00
N/A
Closed Long (1Y)
24-10-2017

Nirmal Bang maintains sell on HCL Technologies

Nirmal Bang has maintained its "sell" rating on HCL Technologies for a target price of Rs 718. Our rating on HCLT is based on the view that IT sector's revenue growth and P/E multiple are likely to contract in the base-case scenario that we have assumed for the US economy in 2016 and 2017. The 11.5 times target P/E multiple for HCLT is based on 20 per cent discount to TCS' and Infosys' target P/E multiple of 14.4 times.

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