HCL Share Price Target (Image Source: Today Technology Market ResearchDigital)
HCL Share Price: Today, April 29, 2024, the share market opens in green in early trades. Shiv Nadar’s HCL Technologies, a major player in the international information technology market, is in negative by 3.76 percent at 9:32 am.
The company’s share is in the investor’s cart as it declared its Q4 results on Friday, April 26, 2024. This is the result for the quarter ended in March 2024.
Now, there is both curiosity and confusion among traders about what to do with the share?
Nomura Target Price For HCL Tech Share
Nomura, a brokerage firm, has bestowed a NEUTRAL rating upon HCL Tech’s stock. The firm has set the target target price of Rs 1400, from previously Rs 1500.
HCL Tech: Current Market Price
Right now, at 9:17 AM, the current market price stands at Rs 1415 per share.
Stock Market: Early Trends
While writing the article at 9:30 am, HCL Tech’s stock is trading negatively on the Stock Exchange. This is nearly a 4 percent decrease from the previous session’s close.
HCL Tech Q4 Results
Before moving forward, here are the details of the company’s quarter results. The company’s net profit is marginally higher YoY, reporting a net profit of Rs 3,995 crore.
How Did HCL Shares Perform Previously?
Over the past month, HCL Tech’s stock has experienced a decrease of 4.65. If we look over the past three months, the stock prices saw a 5.68 percent decline.
Despite of these fluctuations, the stock has yielded returns of 20.31 percent in the preceding six months and a substantial 40.97 percent over the last year. These data are taken from BSE analytics.
HCL Share Performance In Last Year
HCL Tech shares have traded within a range of Rs 1,696.50 and Rs 1,045.00 over the past 52 weeks.
HCL Technologies: Mcap
With a market capitalization of Rs 4,03,155.65 crore on the BSE, HCL Tech holds a significant position in the IT landscape and is a constituent of the S&P BSE Sensex.
