HCL Technologies

HCL Technologies

HCL Technologies

HCL Technologies

HCL Technologies, Kewal Kiran Clothing

HCL Technologies, Kewal Kiran Clothing

HCL Technologies

HCL Technologies

GAIL, CIPLA. HCL, Bank of Baroda , ACC, Ambuja Cements, Sun TV, HPCL, Shriram Transport, Tata Tea, India Cement, Havells, Hexaware

GAIL, CIPLA. HCL, Bank of Baroda , ACC, Ambuja Cements, Sun TV, HPCL, Shriram Transport, Tata Tea, India Cement, Havells, Hexaware

HCL Technologies

We recommend a sell in HCL Technologies from a short-term perspective. It is apparent from the charts of the stock that after recording a multi-year low of Rs 89 in early-March, it has been on an intermediate-term uptrend. However, the stock encountered significant long-term resistance at Rs 350 in late September and reversed its direction.

The stock’s reversal was triggered by factors such as negative divergence displayed in its daily relative strength index (RSI) as well as moving the average convergence and divergence (MACD) indicator and long-term resistance. Besides, both weekly RSI and MACD were hovering in the overbought territory.

Since then, the stock has been on a short-term downtrend. On October 6, it fell 5 per cent, penetrating the medium-term up trendline that has been in place from a July low of Rs 163. The daily RSI is slipping in the neutral region towards the bearish zone. The daily MACD has signalled a sell. Our short-term forecast on the stock is bearish. We anticipate it to decline until it hits our price target of Rs 280 in the approaching sessions. Traders with a short-term perspective can sell the stock while maintaining a stop-loss at Rs 324.

via BL

Jindal SAW, HCL Technologies, Bharat Forge, Bajaj Auto, Pantaloon Retail, Lupin, Bharat Electronics, SAIL, Balaji Telefilms

Jindal SAW, HCL Technologies, Bharat Forge, Bajaj Auto, Pantaloon Retail, Lupin, Bharat Electronics, SAIL, Balaji Telefilms

HCL Technologies

HCL Technologies

HCL Technologies

Investors can book profits selling a part of their holdings in HCL Technologies, in light of the expensive valuations that the stock currently trades at. At Rs 339, the stock discounts its likely 2009-10 per share earnings by nearly 18 times. Not only has this narrowed the gap with peers such as Infosys, TCS and Wipro, it is also at the upper end of historic valuations for the stock. The company has had some reasonable deal wins in the last couple of quarters and may benefit from vendor consolidation which could prove beneficial to large IT players.

But the markets may have read too much into the June quarter numbers, apart from overlooking other concerns. HCL’s June quarter performance, especially on the net profits front has been made possible due to a combination of containing employee costs, selling and marketing expenses as well as a significant forex gain component. In the upcoming quarters, fluctuation in forex losses and employee costs could increaseOn a trailing 12-month basis, the contribution from its top 20 clients has declined significantly, as has the repeat business percentage. This suggests sluggishness in client ramp-ups.

HCL Technologies

HCL Technologies

HCL Technologies Ltd

HCL Technologies Ltd

HCL Technologies

HCL Technologies

HCL Technologies

HCL Technologies

HCL Technologies,Wipro,ACC,Zee,Suzlon,Everest Kanto

HCL Technologies,Wipro,ACC,Zee,Suzlon,Everest Kanto

HCL Technologies

HCL Technologies

HCL Tech wins US$350mn outsourcing deal

HCL Technologies Ltd. has entered into a total IT outsourcing services engagement with the Reader's Digest Association Inc (RDA), a global multi-brand media and marketing company. The value of the agreement is estimated to be approximately US$350mn over a seven year contract term. The scope of this complex transformational includes applications development and infrastructure support across the applications stack of Oracle Universe. Open Technologies and Mainframe; infrastructure support for network, security storage, end user computing and data centers (DC), including disaster recovery services are also part of the contract. The scope also includes DC and Application Portfolio optimisation to consolidate applications globally and refresh of legacy assets to modernize RDA's IT environment. As part of this engagement, HCL will also rebuild and migrate RDA's mainframe environment in its New Jersey Data centre facility. Additionally HCL will implement cutting-edge tools framework to provide business-aligned, unified real-time visibility into the health of the IT environment.

HCL Technologies

HCL Technologies

HCL Technologies, Hotel Leela, IDBI Bank

HCL Technologies, Hotel Leela, IDBI Bank

NTPC, SBI, ICICI Bank, Reliance Communications, Sterlite Industries, Idea Cellular, Container Corp, Canara Bank, Union Bank, Bharat Electronics, Piram

NTPC, SBI, ICICI Bank, Reliance Communications, Sterlite Industries, Idea Cellular, Container Corp, Canara Bank, Union Bank, Bharat Electronics, Piramal Healthcare, Shriram Transport, Punj Lloyd, Tech Mahindra, Jyothy Labs, Hindustan Unilever, Godrej Consumer Products, Asian Paints, DLF, HCL Technologies, Divis Labs

HCL , Hindustan Unilever, Punj LLoyd, Reliance Industries, Reliance Infrastructure, YES Bank, Bharat Forge

HCL , Hindustan Unilever, Punj LLoyd, Reliance Industries, Reliance Infrastructure, YES Bank, Bharat Forge