Are you looking for future targets/predictions of HCL Technologies Ltd for the years 2022 to 2030? then you are studying the best article about it.
According to the research, we noted the company’s market cap is highly maintained at about Rs.2,56,617.74 Cr. the same as we considered many types of points that are explained further.
I think after studying this article you will have the targets of HCL Technologies Ltd and its analysis that will help you to take the decision of investment.
HCL Technologies Ltd is an Indian multinational company that deals in the sector of information technologies, Digital Process Operations, and consultation services. HCL TECH is a subsidiary of HCL Enterprises.
In 1993, HCL emerges as an independent company when they come into the business of Software services as the same Infosys Ltd. Its headquarters is in Noida. They have manpower of around 1,50,000 people.
HCL Tech Ltd Quarterly Report Analysis
In the June quarter of the financial year 2021, Company made net sales of around Rs.9,556 Cr. and made a profit of around Rs.2,672 Cr. after giving all the taxes.
|HCL Tech Ltd Quarterly Results||Net Sales||Profit After Tax|
|June 2021||₹9,556 Cr.||₹2,672 Cr.|
|September 2021||₹9,786 Cr.||₹2,562 Cr.|
|December 2021||₹10,662 Cr.||₹2,637 Cr.|
|March 2022||₹10,634 Cr.||₹3,003 Cr.|
|June 2022||₹10,817 Cr.||₹2,678 Cr.|
In the September quarter of the financial year, 2021 company made sales of Rs.9,786 Cr. and make a profit of around Rs.2,562 Cr.
In the December quarter of the same year that is 2021 company made sales of Rs.10,662 Cr. and make a profit of Rs.2,637 Cr. after paying all the taxes as govt.
In the March quarter of 2022, the company made sales of around Rs.10,634 Cr. and make a profit of about Rs.3,003 Cr.
In the June quarter of the year, 2022 company make sales of around Rs.10,817 Cr. and make a profit after paying tax is about Rs.2,678 Cr.
HCL Tech Ltd Annual Report Analysis
In the year 2018 company made net sales of Rs.22,073 Cr. and the company made a profit of around Rs.7,362 Cr.
|HCL Tech Ltd Annual Results||Net Sales||Net Profit|
|March 2018||₹22,073 Cr.||₹7,362 Cr.|
|March 2019||₹26,012 Cr.||₹8,185 Cr.|
|March 2020||₹31,666 Cr.||₹8,969 Cr.|
|March 2021||₹35,676 Cr.||₹3,743 Cr.|
|March 2022||₹40,638 Cr.||₹10,874 Cr.|
In 2019 they made sales of Rs.26,012 Cr. and make a profit of Rs.7,362 Cr. As the data are given there we can say HCL Technologies Ltd is in a good condition from past few years they make more profit every year like Wipro Ltd.
In the year 2020, Company made sales of Rs.31,666 Cr. and a profit of Rs.8,969 Cr. and in the year 2021 they made sales of around Rs.35,676 Cr. and a profit of around Rs.3,743 Cr.
After paying all the taxes according to the govt. regulations. In the annual result of March 2022, it has made Rs.40,638 Cr. of sales and Rs.10,874 Cr. of profit.
We predict the share price target for HCl Technologies Ltd on the basis of Fibonacci retracement, support, and resistance. All target levels for upcoming years are attached below.
|Year||Target Of HCL Technologies Ltd|
When we go through the technical analysis chart, There are maximum probability HCL Technologies’ share price will go up in the upcoming year, and also read about TTML Ltd.
|Here, we predict the first possible target of HCL tech may cross in the year 2022 is Rs.1,071 and the second possible target which the share of the company will find is around Rs.1,156.|
|We can predict the first share price target for the year 2023 is around Rs.1,252 in the same year and go on an uptrend and we can predict the second possible target which they can beat is about Rs.1,346.|
then as every stock price after attaining its high will show some downtrend after they again show a positive movement.
|For the year 2024, we can predict two possible targets which the shares of HCL TECH will beat easily first is around Rs.1,436 and the second is about Rs.1,619.|
As I told earlier company share prices will always be in a positive move in the future, and share prices of this company share are increasing day by day in upcoming years.
|In the year we can sey a first possible target which they can attain is about Rs.1,742 and if we predict the second possible target which they can cross is around Rs.1,894.|
After attaining these values they show some negative movement and share prices of this company go down for while and after some time in the same year they will again show an uptrend.
At the very end of this decade, HCL TECH will become one of the top two IT sector companies that can rule the whole sector.
|So, we can predict the first possible target for the year 2030 which they can cross is around Rs.2,449 and the second possible target which they cross in 2030 is about Rs.3,299.|
Ans. Yes, because it is well-maintained technically and fundamentally.
Ans. The possible share price target of HCL Technologies Ltd for 2022 is Rs.1,252.
We have done a detailed analysis of HCL Technologies Ltd. We tried to include every aspect in our article which is really essential to know before investing in any specific company’s shares.
Before ending this article, I am going to tell some strengths that will become a key factor for HCL TECH to emerge as the boss of the IT Sector.
- Increasing revenues year by year
- Wide range of products
- Global coverage
- Keep up to date themselves
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I am a share market expert for the last five years. I have expertise in technical analysis, and fundamental analysis of stocks, and assets. On this website, I write content like analysis of shares, predict future targets of shares based on analysis, simplify technical analyses, and intraday trading.