HCL Technologies share price: Sharekhan maintains Buy rating with target of Rs 1200
In its report, Sharekhan has maintained a Buy rating on HCL Technologies with a revised price target of Rs 1,200. Sharekhan says that HCL Technologies’ headline numbers remained below expectations in Q4FY21 owing to higher-than-expected seasonal decline in product business, while order bookings, employee additions and higher dividend payments remained impressive
US Dollar revenues grew by 3% q-o-q (including 0.9% revenue growth contribution from DWS acquisition) and 6% y-o-y to $2,695.9 million, below Sharekhan’s estimates: Reuters