Business
HCL Tech share price fell over 10% after Q3 results. A 2% recovery by Tuesday noon hasn't eased investor concerns
As of Tuesday noon, HCL Tech share traded at ₹1,833.75, down 7.82%
Post Q3, brokerages revised price targets. CLSA maintains a hold rating, increasing the target from ₹1,761 to ₹1,882
Jefferies also holds a hold rating with a target price of ₹2,060
Goldman Sachs gives a neutral rating, lowering the target to ₹1,770. JP Morgan has an overweight rating at ₹2,200, and Citi a neutral rating at ₹1,920
Nomura gives a buy rating with a ₹2,000 target. Morgan Stanley has an equal-weight rating with a ₹1,970 target
HCL's Q3 revenue reached ₹29,890 crore, up 5.1% YoY. Net profit increased by 5.5%. The company announced an ₹18 dividend
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