BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Nomura retains buy on HCL Tech, raises target
HCL Tech provide revenue upside possibility with margin comfort. It is available at reasonable valuations. Q4 was in-line on revenue growth, showed strong deal traction with possible deal signings of $1.5-2 billion and surprised positively on margins. Top pick in the IT sector. Target increased from Rs 1,730 to Rs 1,850.