Top IT Stock HCL Technologies is on Brokerages' radar 

Brokerage Houses like Sharekhan, Motilal Oswal, and Emkay Global Financial recommended BUY ratings on HCL Technologies in their Research reports.

Sharekhan has given a BUY recommendation with a 12% upside target of Rs 1205 on HCL Technologies in its research report dated January 12, 2023.

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Sharekhan maintain BUY on HCL Tech with a revised PT of Rs.1,205, given a strong deal pipeline and tailwinds due to cloud adoption and vendor consolidation.

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Motilal Oswal has given a BUY recommendation with a 18% upside target of Rs 1270 on HCL Technologies in its research report dated January 13, 2023.

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HCL Technologies is expected to deliver USD revenue growth of 11% and a corresponding PAT CAGR of 13.2% over FY22-25E. HCLT is currently trading at an inexpensive 15x FY24E EPS.

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Emkay Global Financial has given a BUY recommendation with a 5% upside target of Rs 1125 on HCL Technologies in its research report dated January 13, 2023.

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Emkay Global raised earnings estimate by 1.4-1.8% for FY23E-25E, factoring in Q3 performance and maintaining BUY with a TP of Rs1,125/share at 17x Dec-24E EPS (earlier Rs1,100).

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