INSUBCONTINENT EXCLUSIVE:
Centrum has maintained its Add rating on HCL Technologies in the long term with a target price of Rs 650
The stock closed at Rs 588, down 1.6% on Monday while the BSE Sensex closed 416.46 points (0.99%) down at 41,528.91.
Company FinancialsFor
the quarter ended 31-12-2019, the company has reported consolidated sales of Rs 18135.00 crore
The company has reported net profit after tax of Rs 2944.00 crore in the latest quarter
Khanna, Mr.Subramanian Madhavan, Mr.Shiv Nadar, Mr.Ramanathan Srinivasan, Mr.Deepak Kapoor, Ms.Roshni Nadar Malhotra
Company has S R Batliboi - Co
LLP as its auditors As on 31-12-2019, the company has a total of 2,713,665,096 shares outstanding
outperformed in terms of margins
Led by steady execution, HCL has also raised its constant currency revenue growth guidance
Steady margin expansion along with improvement in payouts are positives for the stock.