Share Market UPDATE: HCL share price analysis post Q3 results

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Share Market UPDATE: HCL share price analysis post Q3 results

<p>HCL Tech share price fell over 10% after Q3 results. A 2% recovery by Tuesday noon hasn't eased investor concerns</p>

Why HCL Technologies Share is Falling

HCL Tech share price fell over 10% after Q3 results. A 2% recovery by Tuesday noon hasn't eased investor concerns

<p>As of Tuesday noon, HCL Tech share traded at ₹1,833.75, down 7.82%</p>

HCL Tech Share Price Update

As of Tuesday noon, HCL Tech share traded at ₹1,833.75, down 7.82%

<p>Post Q3, brokerages revised price targets. CLSA maintains a hold rating, increasing the target from ₹1,761 to ₹1,882</p>

HCL Tech Share Price Target

Post Q3, brokerages revised price targets. CLSA maintains a hold rating, increasing the target from ₹1,761 to ₹1,882

HCL Tech Share Price Forecast

Jefferies also holds a hold rating with a target price of ₹2,060

Analyst Ratings on HCL Tech Share

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

Brokerage Houses Raise Price Targets

Nomura gives a buy rating with a ₹2,000 target. Morgan Stanley has an equal-weight rating with a ₹1,970 target

HCL Tech Q3 Results Highlights

HCL's Q3 revenue reached ₹29,890 crore, up 5.1% YoY. Net profit increased by 5.5%. The company announced an ₹18 dividend

Note

Consult your market expert before making any investment decisions

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