HCL Tech Q1 Results Date 2024, HCL Tech have more than 3 Lakh market cap value with no debt. Shiv Nadar started HCL Technologies in 12 Nov 1991.
HCL Tech stock was trading at 1150 level from last last 8 months, currently stock show some positive pattern formation at resistance levels.
HCL Tech having best fundamental as compared to other IT stocks. It having less price to earning ratio than TCS and Infosys. TCS have more than 25 PE Ratio while Infosys at 22, HCL Tech stood at 20 which is less than peers.
Currently stock form double bottom pattern in one day timeframe which means stock will go upward.
HCL Tech Q1 Results Date 2024
HCL Tech held board meeting on wednesday, 12 July 2023 for unaudited financial results and dividend record date.
HCL Tech finalize the Record Date for determining the entitlement of the shareholders for the payment of the aforesaid interim dividend shall be July 20, 2023, subject to the approval of the interim dividend by the Board of Directors.
HCL Tech announced 18 dividend per share in last quarter. HCL Tech is large cap company with less growth chances in future that’s why company give dividend to shareholders.
Those companies having less growth they give regular dividend to its investors. If company was in growth phase then they reinvest into business expansion.
HCL Tech Target Price
Motilal Oswal maintain Buy rating on stock with target price of 1,250 per share. Motilal oswal believe stock will outperform in future.
ICICI Direct give 1,200 rupees target price with having Buy rating. Hcl Tech will grow organic and inorganic growth at 14 percent CAGR.