Stock market analyst Mitesh Thacker has maintained 'hold' rating on HCL Technologies Ltd stock with targets of Rs 405-410 and then 450.

According to analyst, the interested investors can buy the stock on declines.

On July 26, the stock of the company closed at Rs 377 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 17.69 and 21.62 respectively.

The share price has seen a 52-week high of Rs 448.80 and a low of Rs 236 on BSE.

HCL Technologies has recorded a net profit of Rs 237.82 crore for the three month period June 2010 as against Rs 192.94 during the same quarter of June 2009.

Total Income for the period June 2010 increased to Rs 1366.22 crore as compared to the corresponding period of the last year.

For the twelve month period ended June 2010, HCL Technologies recorded a net profit of Rs 1056.58 crore as against Rs 997.31 crore for the same period ended June 2009.

The total income during the twelve month period ended June 2010 came up to Rs 5241.81 crore as against Rs 4940.90 crore in the pervious year.