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MarketScreener Homepage  >  Equities  >  NSE India Stock Exchange  >  HCL Technologies Limited    HCLTECH   INE860A01027

HCL TECHNOLOGIES LIMITED

(HCLTECH)
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Nifty, Sensex end higher on slowing COVID-19 cases, HDFC Bank boost

10/20/2020 | 06:46am EST
A broker trades on his computer terminal at a stock brokerage firm in Mumbai

BENGALURU (Reuters) - Indian shares ended higher on Tuesday as a slowdown in daily COVID-19 cases stoked hopes of easing restrictions to revive economic growth, while HDFC Bank's shares boosted gains on upbeat commentary from a ratings agency.

The NSE Nifty 50 index closed up 0.2% at 11,896.8, while the S&P BSE Sensex ended 0.28% higher at 40,544.37.

India's Prime Minister Narendra Modi is set to address the country at 1230 GMT on Tuesday.

India posted its lowest daily coronavirus caseload in nearly three months, data from the health ministry showed on Tuesday, as new cases maintained a decreasing trend from a peak in September.

Shares in HDFC Bank Ltd rose as much as 2% after ratings agency S&P said the lender's asset quality over the next two years would remain superior to the industry despite likely deterioration from the pandemic.

The Nifty Bank Index, which slipped as much as 0.9% earlier in the day, ended the session 0.19% higher and extended gains for a third straight day.

IT stocks were among the top gainers on the Nifty 50, led by gains in HCL Technologies Ltd and Tech Mahindra Ltd , which rose 4.1% and 3.1%, respectively. The Nifty IT Index ended 1.4% higher.

Hindustan Unilever Ltd ended the day 0.2% lower after the consumer giant reported a quarterly profit that missed estimates.

Oberoi Realty rose as much as 20% to its highest since March after J.P.Morgan raised its price target and earnings estimate for the firm, helping the Nifty Realty Index end 3.9% higher.

(Reporting by Philip George in Bengaluru; Editing by Ramakrishnan M.)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
HCL TECHNOLOGIES LIMITED -3.69% 989.8 Delayed Quote.4.61%
HINDUSTAN UNILEVER LIMITED -1.94% 2351.9 End-of-day quote.-1.74%
NIFTY 50 -1.11% 14433.7 Delayed Quote.4.39%
NIFTY BANK -0.17% 32246.8 Delayed Quote.4.02%
NIFTY IT -0.14% 26362.8 Delayed Quote.11.19%
OBEROI REALTY LIMITED -3.41% 559.6 Delayed Quote.-4.08%
SENSEX 30 -1.11% 49034.67 Real-time Quote.3.84%
TECH MAHINDRA LIMITED -4.30% 1007.3 Delayed Quote.3.50%
UNILEVER N.V. 0.69% 49.355 End-of-day quote.-0.80%
All news about HCL TECHNOLOGIES LIMITED
01/15Indian Indices Add Losses on Friday Closing; Tata Motors Shares Soar 7%
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01/15HCL TECHNOLOGIES : Consolidated Profit Grows in Fiscal Q3; Raises Q4 Guidance
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01/15HCL TECHNOLOGIES' : 3Q Net Profit Rose 31% -- Earnings Review
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01/14HCL TECHNOLOGIES : Third-Quarter Net Profit Rose 31%
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01/12HCL TECHNOLOGIES LIMITED : quaterly earnings release
01/11Indian shares close at record highs as IT stocks rally
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01/11Indian shares hit record high as TCS earnings lift IT stocks
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01/05Indian Indices Rally in Tuesday's Afternoon Trade; Salasar Techno Jumps 4%
MT
01/05HCL TECHNOLOGIES : Completes Acquisition of Australian Consulting Firm
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2020WELBILT : Working With HCL Technologies to Develop Its KitchenConnect Digital Pl..
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More news
Financials
Sales 2021 754 B 10 305 M 10 305 M
Net income 2021 134 B 1 838 M 1 838 M
Net cash 2021 128 B 1 746 M 1 746 M
P/E ratio 2021 20,1x
Yield 2021 1,47%
Capitalization 2 686 B 36 719 M 36 715 M
EV / Sales 2021 3,39x
EV / Sales 2022 2,95x
Nbr of Employees 150 423
Free-Float 39,5%
Chart HCL TECHNOLOGIES LIMITED
Duration : Period :
HCL Technologies Limited Technical Analysis Chart | HCLTECH | INE860A01027 | MarketScreener
Technical analysis trends HCL TECHNOLOGIES LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 36
Average target price 1 051,53 INR
Last Close Price 989,80 INR
Spread / Highest target 49,6%
Spread / Average Target 6,24%
Spread / Lowest Target -24,2%
EPS Revisions
Managers and Directors
NameTitle
C. Vijayakumar President & Chief Executive Officer
Roshni Nadar Malhotra Chairman
Prateek Solek Aggarwal Chief Financial Officer
Hanumantha Rao Gade President-Engineering, R&D Services
Kalyan B. Kumar Chief Technology Officer & Corporate VP
Sector and Competitors
1st jan.Capitalization (M$)
HCL TECHNOLOGIES LIMITED4.61%36 719
TATA CONSULTANCY SERVICES13.55%164 469
ACCENTURE PLC-2.89%161 730
INTERNATIONAL BUSINESS MACHINES CORPORATION1.99%114 920
INFOSYS LIMITED9.13%79 542
AUTOMATIC DATA PROCESSING, INC.-8.11%69 429