HCL Technologies The price of equities increased by two percent at the beginning of the trade of April 22 a day after the company reported its profits from March.

On April 21, HCL Technologies grew by 226% on year growth on after-tax consolidated profits (PAT) at 3,593 crore.

Adjusted after-tax earnings for the quarter increased by 21.3% year over the year. Sequentially, earnings increased by 4.4%.

Nomura

The brokerage has kept a purchase note in the stock with a target price at 1,370 rupees.

The product sector slipped performance while the FY23 revenue directive is reasonable, but the disappointed margin.

Strong service growth has been offset by weak products and platforms. The MISS margin has been again rebounded by products and platforms.

The transaction wins was healthy and sets the scene for strong service services, CNBC-TV18 reported.

Jefferies

The research firm maintained a purchase note on the stock, but cut the target price at 1,360 RS.

Although revenue estimates, a sequential drop of 110 basic points of the margin disappointed. Pat Base estimates due to forex gains and lower tax rate.

FY23 Growth Guidelines from 12 to 14% was the main positive that involves a strong growth of 14 to 16% of service activities.

The brokerage corporation cut the EPS (earnings per share) estimates at 6-7% on tax rates and higher margin guidelines, CNBC-TV18 reported.

Prabhudas Lilladher

“We retrograde HCL Tech to” accumulate “(from purchase), because we cut the target price based on the DCF to 1169 rupees (earlier 1295) led by a decrease in the margin profile, the volatility of products of products and products. Platforms leading to overall revenue growth, increased risk free notes and moderation of terminal growth rate.

“We cut the EPS estimates of 4/5% for the 2003/24 fiscal year at cutting EBIT margin estimates from 50 to 70 basis points.”

Sharekhan

“The Corporation’s strength in the digital foundation and modernization of digital applications, investments in construction capabilities, a strong transaction consumption, a record recipe and leadership in the fast-growing EDR segment would help HCL Tech to accelerate its income growth in fiscal 2003.

“The margin should remain under pressure given higher investments and salary inflation in developed markets.

“We maintain a purchase on the stock with a revised price target of 1,400 rupees.”

MOTILAL OSWAL

“A higher exhibition on the cloud, which includes a larger share of non-discretionary expenditures, offers a better resilience to the company’s portfolio in the current context, with a higher demand for cloud, network, security and security services. Digital workplace.

“Strong sequential growth in services, robust addition of workforce, healthy transaction gains and solid pipeline indicates an improved perspective.

“Given its deep capacity in the IMS space and strategic partnerships, cloud investments and digital capacities, we expect HCC Tech to emerge to emerge stronger at the back of an expected increase in demand. corporate for these services. We maintain our purchase note. “

At 09:16 HCl Tech, cited at 1,117.00 RS, up 17.40 Rs and 1.58 percent on BSE.