#HCLTECH
CMP : ₹. 1364
Date : 09-12-2023
A leading global IT giant having more than 60% promoter holdings with zero promoter pledge and low debt. ROE,ROCE,ROA all fundamental parameters are improving for last two years. After the news that HCL Technologies Ltd intends to establish a chip packing unit in Karnataka with an estimated investment of $400 million ,share prices surged. Stock is now at its 52 week high. Technically also looking good with a breakout in daily charts. The room is now opened to fresh highs. Expecting a possible movement towards 1400 - 1500 and then to 2000 with in a sapan of 3- 9 months. Stoploss @₹.1250 levels.
Disclaimer : Post only for educational purpose. Not a buying / selling recommendation. This is only my personal view. I am not a SEBI registered analyst . Do your own analysis and act accordingly .
CMP : ₹. 1364
Date : 09-12-2023
A leading global IT giant having more than 60% promoter holdings with zero promoter pledge and low debt. ROE,ROCE,ROA all fundamental parameters are improving for last two years. After the news that HCL Technologies Ltd intends to establish a chip packing unit in Karnataka with an estimated investment of $400 million ,share prices surged. Stock is now at its 52 week high. Technically also looking good with a breakout in daily charts. The room is now opened to fresh highs. Expecting a possible movement towards 1400 - 1500 and then to 2000 with in a sapan of 3- 9 months. Stoploss @₹.1250 levels.
Disclaimer : Post only for educational purpose. Not a buying / selling recommendation. This is only my personal view. I am not a SEBI registered analyst . Do your own analysis and act accordingly .