HCL Technologies Ltd. News and Updates

Name: Latest research reports of HCL Technologies Ltd. authored by IDBI Capital and published by - Trendlyne research reports.
Item: HCL Technologies Ltd.
Rating: 4
Author: IDBI Capital

Keep track of all breaking news on HCL Technologies Ltd. from all sources in a single place.

Load latest

HCL Technologies Ltd.

24 Oct 2019

1474.40

1.54%

HCL Technologies: Q2FY20 Result Review

Accumulate: HCL Technologies Ltd.

Target

IDBI Capital

We largely maintain our FY20/21E revenue but increase EBIT margin by 75bps/80bps to 19.2%/19.4%. We also increase FY20/21E EPS by 2.3%/5.3%. We now forecast FY19-21E revenue (US$)/EBIT/EPS CAGR of 12.2%/11.8%/5.1%. We maintain ACCUMULATE with new TP of Rs1,153 (vs. Rs1,095 earlier) based on PER of 14x FY21E. Key Highlights and Investment Rationale Q2FY20 revenue benefits from consolidation of IBM products Revenue growth of 6% QoQ in CC (+5.2% QoQ in US$) was in-line with our forecast of +6.7% in CC. Mode-3 solutions (14.7% of revenue) led the growth with a 42% QoQ...

Motilal Oswal released a Buy report for HCL Technologies Ltd. with a price target of 2000.0 on 22 Jul, 2025.

HCL Technologies Ltd.

23 Oct 2019

1474.40

1.54%

HCL Tech

Buy: HCL Technologies Ltd.

Target

Sharekhan

HCL Technologies (HCL Tech) reported strong revenue growth, higher-thanexpected margin performance and increased revenue growth guidance. Strong revenue growth was driven by healthy performance in financial vertical and additional $100+ million revenue contribution from IBM select products acquisitions (lower-than our estimates). Organic CC revenue growth is at around 1.5%/14% q-o-q/y-o-y, ahead of our estimates. EBIT margin improved 287BPS q-o-q to 20.0%, ahead of our expectations, aided by the improvement in core business as well as integration of high-margin IB products. The margin of ERS business improved significantly on q-o-q...

HCL Technologies Ltd. has an average target of 1735.08 from 12 brokers.

HCL Technologies Ltd.

20 Oct 2019

1474.40

1.54%

Fresh graduates to spearhead HCL Technologies' cyber security push

Business Standard

HCL is working closely with universities in India, the US and Europe, and increasingly hiring locally

HCL Technologies Ltd. has an average target of 1735.08 from 12 brokers.

HCL Technologies Ltd.

17 Oct 2019

1474.40

1.54%

Volvo Cars selects HCL Tech for IT services, digital transformation

Economic Times

The collaboration between the two organisations is expanding to include several aspects of digital transformation including product orientation, DevOps and application integration. The engagement is an expansion of a collaboration that began in 2016.

HCL Technologies Ltd. is trading below all available SMAs

HCL Tech broadens Volvo pact to drive carmaker's digital transformation

livemint | 17 Oct 2019

HCL Technologies Ltd.

07 Oct 2019

1474.40

1.54%

Top stock picks by Prabhudas Lilladher: Buy HCL Tech, Apollo Hospitals

Business Standard

Trading ideas by Vaishali Parekh of Prabhudas Lilladher

Number of FII/FPI investors decreased from 1480 to 1464 in Jun 2025 qtr

HCL Technologies Ltd.

24 Sep 2019

1474.40

1.54%

HCL Technologies looks to raise its revenue growth guidance in FY20

Business Standard

The current revenue growth guidance of 14-16% for FY20 is seen as conservative

Number of FII/FPI investors decreased from 1480 to 1464 in Jun 2025 qtr

HCL Technologies Ltd.

21 Sep 2019

1474.40

1.54%

Shareholders approve HCL Comnet, 3 other subsidiaries' merger scheme with HCL Tech

Economic Times

"The scheme was approved by the requisite majority of equity shareholders of the transferee company," the filing said.

Number of FII/FPI investors decreased from 1480 to 1464 in Jun 2025 qtr

Enjoying tax holidays, IT firms won't gain much from the rate cut

Business Standard | 21 Sep 2019

HCL Technologies Ltd.

18 Sep 2019

1474.40

1.54%

HCL Technologies secures contract from Aperam to transform end-user experience

livemint

Aperam has customers in over 40 countries and employs about 9,800 employees globally.HCL will be providing a 24x7 multi-channel, multi-lingual IT service desk for Aperam's end users, using its AI-enabled cognitive virtual assistant, DRYiCE Lucy, to provide first-line support

HCL Technologies Ltd. is trading below all available SMAs

HCL Technologies Ltd.

18 Sep 2019

1474.40

1.54%

Management Meet Update

Buy: HCL Technologies Ltd.

Prabhudas Lilladhar

(Ple:11%) and meet its margin guidance of 18.5-19.5% in FY20E. The company is confident of its ability to win mega deals on a regular basis. HCLT is confident in growth of IMS segment led by integrated full-stack deals due to strengths in implementation of hybrid cloud, automation skillsets, IoT and core engineering capabilities. We believe management is conservative on revenue guidance on account of weak & volatile external environment & have enough cushion to meet any potential slowdown in spending. We believe...

Number of FII/FPI investors decreased from 1480 to 1464 in Jun 2025 qtr

HCL Technologies Ltd.

17 Sep 2019

1474.40

1.54%

HCL Tech

Buy: HCL Technologies Ltd.

Sharekhan

We spoke to the management of HCL Technologies (HCL Tech) to get an update on demand environment, impact from troubled clients, and pace of investments in digital and margin trajectory. Management's commentary remained broadly similar to Q1FY2020, as it has not seen any material changes in the business environment yet, owing to macro uncertainties. Excluding the impact of two troubled client accounts, HCL Tech is expected to maintain its growth momentum across verticals in the remaining quarters of FY2020E. With revenue...