It is a technology company that provides IT services. Started 46 years ago, the name of this company comes in the list of big companies in India today. HCL made many changes in its business, initially it used to make computers but later it also started providing IT services.
Brokerage house Motilal Oswal has given an investment advice in the stock of HCL Technologies and has given a target of Rs,1100. In terms of current price of Rs.928, it can give 19 % return. The brokerage says that the growth in services has been decent on a quarterly basis and the company has got strong deals.
HCL technologies are constantly trying their best to keep their business updated in new technology in their business. The way the use of cloud technology is seen increasing rapidly in the IT sector, keeping in mind the same, the management of HCL tech seems to be working jointly on Cloud Smart technology.
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