BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
We attended HCL Tech Ltd.’s investor day 2022 wherein the management reiterated its five strategic objectives that it laid out in May 2022.
Management maintained its positive stance on the IT services and engineering research and development verticals, and provided its outlook on HCL Software (products and platform) business.
Though longer term demand remains intact, the management narrowed its growth guidance to the lower end of 13.5-14.5% band due to weaker-than-expected macro, cuts in discretionary spends and higher furloughs.
It also aspires the Ebit margin to scale back to 19-20% in the near term. We continue to remain positive on the stock.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
DMart Q4 Results Review - Strong Performance Continues: Motilal Oswal
May 06, 2024
Atul Q4 Results Review - Pricing Pressure Continues To Hurt Performance: Motilal Oswal
May 03, 2024
Tech Mahindra Q4 Results Review - Aiming For 15% Ebit Margins By FY27: Systematix
Apr 26, 2024
HCLTech Exits Joint Venture With State Street For $173 Million
Apr 02, 2024
POPULAR