Dalal Street bullish on HCL Tech on attractive valuation

Asia's Tech News Daily

HCL Tech share price, HCL Tech, HCL Tech Q2, HCL technologies, Dalal Street

Most brokerages have retained bullish views on

HCL Technologies

even as revenue and margin in the second quarter fell short of Street expectations. Shares of HCL Technologies ended down 1.17 per cent at `1,250.9 on Thursday.

Emkay, Motilal Oswal and Edelweiss have retained buy ratings while Macquarie and JPMorgan have retained outperform and overweight rating, respectively.

Analysts at Emkay said HCL Technologies’ operating performance missed expectations largely due to a 8 per cent quarter on quarter decline in products and platform business on a constant currency basis. Emkay, while lowering earnings estimates by 0.8-3.3 per cent, said it has maintained a buy on attractive valuation and anticipated revenue acceleration.

Did you Know?

Stock score of HCL Technologies Ltd moved down by 1 in 3 months on a 10-point scale.

View Latest Stock Report »

Stock Analysis

Stock score of HCL Technologies Ltd is 7 on a scale of 10. View Stock Analysis »

Motilal Oswal expects HCL Technologies to emerge stronger on the back of an expected increase in enterprise demand for these services. “The stock is currently trading at around 22 times FY23 estimated EPS, which offers a margin of safety,” said Motilal Oswal.

Morgan Stanley and Macquarie have trimmed target price on HCL Technologies by 2 per cent and 3 per cent, respectively. Macquarie has lowered earnings estimates for FY22-FY24 by 2-6 per cent as weakness in products business led to HCL missing result expectations.

HCL Tech share price, HCL Tech, HCL Tech Q2, HCL technologies, Dalal Street

Internet Explorer Channel Network
Asia's Tech News Daily
News Related

OTHER NEWS

Air Force civilian stole $1.1 million via travel charge card, bought piano, Harley, vacations

A former U.S. Air Force civilian employee was sentenced Nov. 29 to 16 months in federal prison after he used his government-issued travel charge card for more than $1.1 million ... Read more »

Women in sport are winning the fight for equal pay – slowly

The Welsh national football association has pledged to introduce equal pay for their men’s and women’s teams by 2026. The news comes following a documentary featuring the most capped Welsh ... Read more »

Montreal-area city revives plan to kill majority of deer herd in local park

LONGUEUIL, Que. — A city south of Montreal has revived a controversial plan to kill most of the deer living in a local park, about a year after it backed ... Read more »

Our Food Director Tried All The Timbiebs. Here's Her Review

The Timbiebs have arrived! This limited-edition collaboration between Tim Hortons and Justin Bieber—which includes three new Timbit flavours and a merchandise line—is available at Tim Hortons locations across Canada and ... Read more »

Queen Elizabeth sends ‘warmest wishes' to New Republic Barbados after being removed as head of state

© Provided by Pinkvilla Queen Elizabeth recently sent her well-wishes to Barbados as they became a new republic and removed the 95-year-old queen as head of state. The newest republic ... Read more »

New Republic Barbados honors Rihanna as 'National Hero', PM Mia says 'Continue to shine like a diamond'

© Provided by Pinkvilla Pop icon Rihanna recently received a huge honour! The singer and Fenty founder was honoured as her home country’s (Barbados’) 11th-ever National Hero! The event also ... Read more »

Bradley Cooper shares his near death experience from 2019; Reveals he was held at knifepoint

© Provided by Pinkvilla Bradley Cooper recently made an appearance on Dax Shepard’s podcast Armchair Expert and opened up about the time where he was held at knifepoint while on ... Read more »

Royal correspondent responds to claims that Prince William approved leaking bitter gossip about Meghan Markle

© Provided by Pinkvilla Responding to a few absurd claims made in the BBC documentary–The Princes And The Press, a royal correspondent has finally broken her silence on the allegations. ... Read more »

Salman Khan reveals his docuseries ‘Beyond the Star' is Lulia Vantur's idea: I felt it was a good concept

© Provided by Pinkvilla Superstar Salman Khan’s forthcoming projects include a docuseries on his journey as a star in the Hindi film industry titled ‘Beyond the Star’. Salman in a ... Read more »

Omicron was in the Netherlands BEFORE South Africa alerted the world

© Provided by Daily Mail MailOnline logo Omicron was already in the Netherlands five days before South Africa alerted the World Health Organisation about it last week, Dutch health authorities ... Read more »

Singer Trey Songz under investigation after alleged sexual assault in Las Vegas

The Las Vegas Metropolitan Police Department received a report on Sunday about an alleged incident at a hotel on South Las Vegas Boulevard. Read more »

When PM Modi and former PM Devegowda met in Parliament | See pics

PM Narendra Modi took to Twitter on Tuesday to share pictures of his meeting with former prime minister HD Devegowda. National president of the Janata Dal (Secular), Devegowda (88) met ... Read more »

Northern Ireland midfielder's classy gesture to young Cliftonville player

Young Cliftonville footballer Lily Bell had a night to remember at Seaview on Monday. The Reds’ Under-11 starlet watched Northern Ireland beat North Macedonia 9-0 in their latest World Cup ... Read more »

2 arrested on warrants and other reports

Nov. 30—Juan Manuel Bueno-Guzman, 26, turned himself in on local warrants at 5:03 a.m. Monday at 411 S. Broadway. Police arrested Jacqueline Kaye Clack, 53, on an Anoka County warrant ... Read more »

Overwatch fans aren't happy that Blizzard has ‘done nothing' with Sigma

© Provided by Dot Esports Overwatch fans believe there was a lot more Blizzard Entertainment could have done with Sigma’s lore. Reddit user Technician_Frosty shared an image of Sigma with ... Read more »

Canisteo man, 41, charged with rape in assault of 14-year-old

Police have charged a Village of Canisteo man with sexually assaulting a 14-year-old earlier this year. Canisteo police Monday arrested John W. Ross Jr., 41, of Charlie Drive, charging him ... Read more »

Dying patients go without care as community nurses ‘on their knees'

Community nursing care is highly specialist work but is under increasing pressure with fewer staff available (Getty) Dying patients are going without care in their own homes because of a ... Read more »

Newark cop accused of killing pedestrian, moving body was driving drunk, police say

The Newark police officer accused of striking and killing on a pedestrian on the Garden State Parkway was driving drunk and using his phone when he hit the victim, police ... Read more »

Father held after 4 California children, grandmother slain

Four children, including an infant, and their grandmother were found shot to death in a Southern California home and the children's father was arrested on suspicion of killing them, the ... Read more »

Did Fuzzy's overserve driver involved in fatal wreck that killed Euless detective?

Officials with the Texas Alcoholic Beverage Commission are investigating a Lake Worth business to determine whether it overserved a patron who is accused of intoxication manslaughter in the traffic death ... Read more »

‘I remember every single second of those 43 years': A conversation with Kevin Strickland

A week ago Tuesday, Kevin Strickland was released from prison after serving 43 years for a triple murder he did not commit. By Thursday, every major media outlet in the ... Read more »

How to get the Caves & Cliffs achievement in Minecraft

© Provided by GamePur The Minecraft achievements are a fun way to explore the way you’re building with friends and try to complete specific tasks along the way. The Caves ... Read more »

FaZe Clan to reportedly rebuild entire VALORANT roster around babybay

© Provided by Dot Esports FaZe Clan is effectively hitting the reset button on its VALORANT roster for 2022. The organization is holding player trials for a rebuilt lineup around ... Read more »

Warzone Stealth Change Buffs UAVs to Counter Ghost Users

An unlisted change in the latest Call of Duty: Warzone patch has buffed UAVs, making them capable of countering players who use the Ghost perk. UAVs are perhaps the single ... Read more »

David Muir thanked whole-heartedly by fans after he shares long-awaited career news after time away with family

© Provided by Hello! david-muir-suit David Muir has been a firm fixture on the nightly news for years and his legions of loyal fans would be lost without him.  So ... Read more »

Russia hypersonic missile test stokes nuclear WW3 fears as expert warns conflict would be most devastating ever seen

RUSSIA’s hypersonic missile tests are prompting fears that a “truly catastrophic and devastating war” could break out as tensions between Washington and Moscow are “simmering”, an expert has warned. Russian ... Read more »

Two trucking companies serving Vancouver port threaten to strike Friday

VANCOUVER — Container truck drivers at two companies serving the Port of Vancouver could go on strike later this week. © Provided by The Canadian Press Unifor says it gave ... Read more »

Popular chocolate advent calendars that only contain ONE of their own festive treats

POPULAR advent calendars from well-known brands contain just ONE of their own chocolates, The Sun can reveal. Seasonal countdowns branded as Galaxy and Maltesers contain those flavoured chocs only on ... Read more »

Donald Trump, Prince Andrew and Bill Clinton all flew on Jeffrey Epstein's jet, pilot tells Ghislaine Maxwell's trial

DONALD Trump, Prince Andrew and Bill Clinton all flew on Jeffrey Epstein's private jet, the paedo's former pilot told the Ghislaine Maxwell trial. The two former US Presidents and the ... Read more »

Elephant tattoo has VERY X-rated detail – but can you spot it?

AT first glance, this elephant tattoo seems quite sweet but the artwork is hiding something very X-rated. The black and white tattoo is of what appears to be a daddy ... Read more »

ISIS fighter who murdered Yazidi girl, 5, is jailed for genocide

An ISIS fighter who chained up a 5-year-old Yazidi girl and let her die in the scorching heat passed out in a German court on Tuesday as he was jailed ... Read more »

11-year-old ‘prolific carjacker' arrested in Chicago, eyed in several heists: cops

An 11-year-old boy was arrested for a carjacking in Chicago and is considered a suspect in “several” other cases, police said. The boy, who was not publicly identified, was busted ... Read more »

Miss USA Elle Smith wins ‘wokest' pageant ever opposite first trans contestant

Miss Kentucky Elle Smith has been crowned 2021 Miss USA, with the beauty pageant now being dubbed the “wokest” ever. The 23-year-old beat out 50 other contestants at the event, which was held ... Read more »

Employers split on whether vaccine mandates help or hurt recruitment

Employers split on whether vaccine mandates will help or hurt recruiting. AFP via Getty Images Most employers plan to require vaccines but they don’t know if it will help or ... Read more »

Kiernan Shipka on Riverdale! Sabrina Spellman Is Summoned to Rivervale by Cheryl Blossom

© Kailey Schwerman/The CW PEOPLE has the first look at Kiernan Shipka’s guest appearance in the special crossover episode between Riverdale and Chilling Adventures of Sabrina © Provided by People ... Read more »

Early discounts, tight supplies lead to dip in Thanksgiving weekend shoppers - NRF

© Reuters/LINDSEY WASSON FILE PHOTO: Preparations begin for the Thanksgiving holiday in Seattle (Reuters) – U.S. shopper numbers fell over 3.5% over the Thanksgiving weekend this year, the National Retail ... Read more »

UAE: How Sheikh Hamdan inspired two teens to bike through the 7 Emirates

© Provided by Khaleej Times Supplied photo In the spirit of the recently concluded Dubai Fitness Challenge, two Sharjah-based childhood friends undertook a journey to cover different emirates on their ... Read more »

Mick Jagger's ballerina girlfriend Melanie Hamrick shows off physique

© Provided by Daily Mail MailOnline logo She’s dating one of the most famous men in the world. And it’s no wonder why Melanie Hamrick, 34, caught the eye of ... Read more »

India lodges protest with Pakistan over photoshoot by model at Kartarpur Sahib Gurudwara

© Provided by The Statesman India lodges protest with Pakistan over photoshoot by model at Kartarpur Sahib Gurudwara India today summoned Pakistan’s Charge d’Affaires in New Delhi to the foreign ... Read more »

No Omicron case in India so far: Mandaviya

© Provided by The Statesman No Omicron case in India so far: Mandaviya No case of Omicron variant has been detected in the country so far, Union Health Minister Dr. ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic