HCL Tech
| Name | HCL Technologies LTD |
| Sector | Information Technology |
| Capitalization | Large Cap |
| Buy/Sell | Undervalued |
| Peer Comparision | Click here |
Should you buy as per the technical Analysis?
HCL is a legendary IT stock in the Indian market , yielding over 5% returns just in dividends is a big add on for investors who are looking to earn stable dividend income. Company is however not as fast-paced when compared to Infosys and TCS and exhibit 2-4% lower growth in sales and profits. This may not look very encouraging, but then this stock is available at 15% discount compared to the peers. A PE of under 20 for such stable company is a great positive factor we see here.
Should you buy as per the Fundamental Analysis?
HCL Technologies LTD scores high for the Fundamental strength. The company has a healthy financial position and generates high cash flow. It is known for its strong presence in the IT industry. Several analyst keeps the target for HCL in the range of 1400-1800 which is a good news to the investors.
Our advise is to invest in small/mid cap IT companies over the large caps for the next few years. We covered our rational for this under this blog.
Taking a closer look into HCL Technologies LTD.
It’s evident that the company is fairly valued for the growth rate it has been exhibiting.
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