HCL Technologies Intraday Buy Call

HCL TechnologiesStock market analysts have maintained 'buy' rating on HCL Technologies with an intraday target of Rs 331.

According to them, interested traders can buy the stock around Rs 328 with a stop loss of Rs 324. If the stock market remains on positive track, the stock will hit Rs 334 in today's session.

Shares of the company, on Thursday (Oct 22), closed at Rs 324.75 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 14.84 and 22.27 respectively. The share price has seen a 52-week high of Rs 350.50 and a low of Rs 89.10 on BSE.

HCL Technologies (HCL), on Oct 22, has been conferred with the high-status `Golden Peacock Innovation` award for its MTaaSTM offering in the IT group.

HCL's MTaaSTM offering was selected amongst over 188 business entries via a strict selection process. The applications were evaluated based on a thorough set of factors and the candidate making the maximum amongst each of the particular industrial categories were recommended to a three tiered panel chaired by justice PN Bhagwati, former chief justice of India.

HCL Technologies (HCL) signed a partnership deal with software giant Microsoft to offer a highly cost-efficient and easy retail banking solution to assist banking instiyutions in the Asia Pacific
(APAC) region.

Moreover, Varicent Software, which is an industry leader and supplier of the most comprehensive sales performance management solutions, has signed up a deal with HCL Technologies.

This affiliation would facilitate HCL to build upon its subsisting strengths in Microsoft Dynamics that forms a strategic part of HCL`s enterprise application services (EAS) practice.