Hcl Tech Share Price Target for Short Term Trading – Using the SMA Simple Moving Average indicator is a reliable indicator for short term trading. Forecast or Target HCL Stock Price Using the Camarilla Equation Take a look at the intraday, tomorrow and short-term HCL stock price forecast using the Camarilla Equation. Long Term Investment HCL Stock Price Prediction – Using Graham’s Intrinsic Value Here is a long-term HCL stock price prediction using Graham’s intrinsic value.
Hcl Tech Share Price Target
We predict the target price of HCL TECH shares based on technical analysis, historical reports, which include a quarterly report and an annual report, which will help you know if investing in this company stock is a good choice or not. Sharehan positively views HCL Technologies with a BUY recommendation for the company with a target price of Rs 1,400 in a research report dated November 23, 2021. his research report dated August 26, 2021
The brokerage believes that HCL Tech is well positioned for stronger financial growth in FY23 and is positive on the stock as its valuation is relatively attractive. JP Morgan maintained an over-rated HCL Tech stock and raised its price target to Rs 1,500 from Rs 1,400, updating its revenue estimate by 1-3 percent. The brokerage received a request to buy HCL Techs shares and raised its target price to Rs 1,580.
Nomura noted that the revenue was a pleasant surprise, but the margins fell short of expectations. Weak margins in the services segment result in a limited increase in earnings per share, he said, while maintaining a target of Rs 1,450 per share. The brokerage lowered its share target to Rs 1,450 from Rs 1,470 but believes the risk/reward ratio is favorable for the shares.
Hcl Tech Share Price Target 2022 , 2023 , 2024 , 2025 & 2030
HCL, which hired 16,000 freshmen in the first nine months of fiscal year 22, hopes to hire 20-22,000 during the year. We expect revenue growth of 11.7% / 16.2% / 11.8% in fiscal year 2022/26/24.
HCL Technologies reported 7% revenue growth (adjusted for currency conversion effects) from October to December 2021. HCL Tech reported 7.6% sequential dollar revenue growth in constant currency at $2.97 billion for the December quarter, the fastest in almost Q12. years. HCL shares are up 41% in 2021, below the 60% rise in the IT index. “HCL has achieved unusually high earnings, strong growth and equally disappointing margins.
We are also comforted by management’s comments about the continued growth of the IT services industry. Given its strong IMS capabilities and strategic partnerships, investments in cloud and digital capabilities, the brokerage expects HCL to grow stronger amid an expected increase in business demand for these services,” the statement said. target price 1690 rupees.
Reiterates BUY recommendation for HCLT with target price of INR 1,485, valuing shares at 22x Mar-24E EPS and taking into account +13/14% revenue/EPS CAGR for fiscal year 21-24E. By raising the IT company’s share price target to Rs 1,450 from Rs 1,360, the brokerage retained its equal rights to HCL Techs shares. The brokerage outperforms IT shares and raised its price target to Rs 1,650 from Rs 1,450.
On Friday, the IT service provider reported a 13% decline in third-quarter internet revenue and expects revenue to rise in double digits by 2022. Due to weak growth in IT services (+0.5%), products and platforms (-1%) and marginally offset by better-than-expected ER&D (+4.5%), HCLT posted a 0.7% increase % QoQ (CC), which is not up to par. with our 2.4 percent forecast. The reason for Strait’s disappointment was the operating margin of 19%, which did not improve at all, despite strong revenue growth.
Leading IT services firm HCL Technologies surged more than 9% in early trading on Monday after the company said its September quarter revenue and operating margins were expected to be “significantly better” than they were. previous forecast. The share price of HCL Technologies Ltd is up 5% in the last month.
Shares of HCL Technologies are up 27.28% for the year and down 4.48% since the start of the year. A total of 2.51 million shares of the company changed hands, and the turnover on the BSE was Rs 31.57 crore. Large-cap stocks hit an intraday low of Rs 1,244, down 6.99% on the BSE. Shares hit a low of Rs 1,255.10 on the BSE, down 6 percent on the day.
The broker updated the shares to buy after the suspension and raised its target price to Rs 1,545, up 16 percent from the previous target price. The shares trade at an attractive PE valuation of 19.3x on FY24 EPS. The shares are currently trading at ~20.1x EPS on FY23H23, providing headroom.
The above shares have been selected from Motilal Oswal’s brokerage relationship. Here are the pricing targets set by various brokerage firms for the price of a company’s stock.
While margins remain under medium-term pressure, we remain positive on the stock’s long-term prospects and maintain a Buy recommendation with a revised target price of Rs 1,454. HCL Tech (HCLT) remains the broker’s Buy recommendation due to its solid service growth (+5.3% qoq CC) and improving P&P (+24.5% qoq CC). Shares of HCLT have risen 3.5 times over the past five years (from Rs 382 in January 2017 to Rs 1,330 in January 2022).
The short-term weighted average price (VWAP) is 1292.85 and Hcl Technologies (HCLTECH) is trading below that level. The price has fallen this week, but the volume has not increased significantly. The price has fallen this month, but the volume has not increased significantly. This cannot be called a strong bearish trend, especially if the chosen duration is short. Hcl Technologies ((HCLTECH)) price action analysis based on short-term time frames is negative, but sellers have become more active in the stock lately.
As we can see on the chart, the stocks showed an upward movement and their short-term trend is positive, the long-term analysis of the stock is also positive and is in an uptrend.
The company is currently valued at 22 times FY23 earnings per share, providing a cushion. Management revised its quarterly dividend to INR 10/share (from INR 6/share) for 22nd year. We maintain our Buy recommendation and slightly adjust our target price to INR 1,690/share (25x FY24/share), he said. .
Shares of HCL Technologies Ltd fell nearly 6% on Monday after the company reported lower-than-expected earnings before interest and taxes and cut its management’s minimum margin guidance.
Shares of Indian IT services companies Infosys and HCL Tech could rise more than 50% next year, according to Edelweiss. According to Edelweiss, despite the rebound over the past three months, the best is yet to come. Indian IT stocks such as Infosys, HCL Tech and TCS are likely to benefit.
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