Buy HCL Technologies

Buy HCL TechnologiesStock market analyst Shrikant Chouhan of Kotak Securities has maintained 'buy' rating on HCL Technologies Ltd stock for 5-7% gains from current level.

Today, the stock of the company opened at Rs 415 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 448.80 a low of Rs 244 on BSE.

Current EPS & P/E ratio stood at 15.01 and 27.71 respectively.

IT giant HCL Technologies registered an increase of 23.26% in its standalone net profit, which stood at Rs 237.82 crore for the three month period ended June 30.

IT giant had recorded a net worth Rs 192.94 crore during the corresponding period of 2009.

The total income of the IT major increased to Rs 1,330.61 crore in standalone as against Rs 1,145.54 crore during the same period of 2009.

For the twelve month period ended June 30, the total income of the company stood at Rs 12,136.29 crore as compared to Rs 10,229.41 crore in the same period of 2009.

The company's board announced an annual dividend of Rs 1 per equity share on the face value of Rs 2 each to the stock holders.