HCL Technologies share falls 7% post Q3 results, Motilal Oswal target of Rs 1,690

HCL Technologies share

The share price of Indian IT giant HCL Technologies fell almost 7% to its intraday low of Rs 1243.4 per share on NSE in early trade this morning.

This is because the company recently declared its Financial Year 22 Quarter 3 results where the consolidated net profit of the company fell below 13.6% on a YOY (year-on-year) basis.

However, the company’s revenue increased by 15.7% on a YOY (year-on-year) basis.

52 Week High1,377.75
52 Week Low891.00
Sector PE44.66
Face Value2
Dividend Yield0.79
Mkt Cap (Rs. Cr.)341,582
Book Value Per Share221.40

QOQ Basis

HCL Technologies’ revenue increased by 8.1% and net profit by 5.4%.

The company’s EBITDA margin was also healthy at 23.4%.

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HCL Technologies share – Finance

Net Profit 2021 (Rs. Cr.)11,169
Debt to equity (2021)0.06
Revenue 2021 (Rs. Cr.)75,379
Dividend/Share (INR)10.00
Promoters holding60.33%
Face Value2

HCL Technologies share price: Motilal Oswal

Today, despite the fall in the share price of HCL Technologies, Analysis believes that the company has shown good growth in the recent quarter and the order book of the company is also healthy so that this growth momentum can continue in the future.

Motilal Oswal in its research report dated January 15, 2022, has given a buy rating on HCL Technologies stock with a target price of Rs 1,690.

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