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    Buy HCL Technologies Ltd., target Rs 940.0 : Motilal Oswal Securities

    Synopsis

    The brokerage said HCL Tech has been working toward improving its positioning in traditional services which is expected to bode well in the medium to-long term.

    Motilal Oswal Securities has Buy call on HCL Technologies Ltd. with a target price of Rs 940.0. The current market price of HCL Technologies Ltd. is 782.95. Time period given by analyst is year, when HCL Technologies Ltd. price can reach defined target. Motilal Oswal has cited the introduction of the growth strategy for FY2017 and beyond. The brokerage said the company has been working toward improving its positioning in traditional services which is expected to bode well in the medium to-long term. It said the company is not witnessing any impact from Brexit just yet and its capabilities in IMS and engineering Services with increasing presence in Digital, are likely to keep the company in good stead



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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