BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Open|| Long (1Y)
HDFC Securities Maintains Buy On HCL Technologies
HDFC Securities maintained buy on HCL Tech based on solid third quarter and a strong outlook across multiple growth vectors. Large deal momentum and pipeline at nearly an all-time high (many $200-300 million deals) supports the growth outlook. The absence of large acquisitions and subsequent accretion to FCF/payout are upside risks to valuations.