Buy HCL Technologies Ltd For Target Rs. 1,750by Motilal Oswal Financial Services Ltd

* Expect 1.7% QoQ CC growth, led by revenue contribution from vendor consolidation deals from 2Q onward.
* We expect full-year YoY cc growth of 3.6% and organic growth of 2.8% (guidance of 3-5%).
* Margins are expected to improve by 50bp despite GenAI and SG&A investments and restructuring costs.
* We believe BFSI and Hi-tech will perform better, while manufacturing (especially auto) remains under pressure.
* We expect the company to retain its FY26 revenue growth guidance of 3-5% YoY CC.
For More Research Reports : Click Here
For More Motilal Oswal Securities Ltd Disclaimer
http://www.motilaloswal.com/MOSLdisclaimer/disclaimer.html
SEBI Registration number is INH000000412









