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HCL Technologies - Research Report

 
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manish



Joined: 14 May 2010
Posts: 17

249 Bonus Points

Posted: Fri Jul 30, 2010 6:33 am    Post subject: HCL Technologies - Research Report Reply with quote

HCL Tech’s dollar revenue grew 7.6%; its margin slipped 112bp on higher wage costs, while profit was higher owing to lower tax expense, partly offset by higher forex loss. Core software services saw volumes growing 10.5%, significantly ahead of peers. We retain our target price of Rs425 and reiterate...

To read more you can bookmark this URL:

http://www.dsij.in/productattachment/BrokerRecommendation/HCL%20Tech.pdf

Source: Dalal Street Investment Journal
www.dsij.in
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