Buy HCL Technologies With Stop Loss Of Rs 460

Buy HCL Technologies With Stop Loss Of Rs 460Technical analyst Hitendra Vasudeo has maintained 'buy' rating on HCL Technologies Limited stock.

The analyst said that the interested investors can buy the stock between Rs 490-472.

If investors want to hold the stock, they can hold it with a stop loss of Rs 460.

Today, the stock of the company opened at Rs 501.25 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 517.50 and a low of Rs 348.15 on BSE.

Current EPS & P/E ratio stood at 15.51 and 32.88 respectively.

HCL Technologies registered a better-than-projected 33% increase in net profit for the three month period ended March 2011.

HCL Technologies posted a net profit of around Rs 4.68 billion in Jan-March period, whereas revenue grew by 31.5% to Rs 41.38 billion.

Profit was likely to increase 25% to Rs 4.3 billion, as per a Reuters poll of 17 analysts.

Revenue of the company remained at Rs 40.79 billion.