Buy HCL Technologies With Stop Loss Of Rs 385
Stock market analyst JK Doshi has maintained 'buy' rating on HCL Technologies Ltd stock with one-week target of Rs 415.
According to analyst, the interested investors can buy the stock at Rs 390 with strict stop loss of Rs 385.
The stock of the company, on Sep 01, closed at Rs 386.55 on the Bombay Stock Exchange (BSE).
The share price has seen a 52-week high of Rs 448.80 and a low of Rs 290 on BSE.
Current EPS & P/E ratio stood at 15.01 and 26.13 respectively.
In a major declaration, HCL Technologies Ltd stated that Delhi High Court vide its Order dated August 16, 2010, has given sanction to the Scheme of Amalgamation of HCL Technoparks Ltd, company's wholly owned arm, with the company.
Moreover, HCL Technologies was named as a top player in last month's (August 2010) report 'The Forrester Wave among North American Applications Outsourcing, Q3 2010'.
On Aug 25, the company announced that it has become an associate of Texas Instruments (TI) Elite Design House program, a premier group of self-governing, well set up firms, which provide system-level design services.