HCL Tech share price jumps 3% today after Q4 results beat market expectations; Should you buy, hold or sell?

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The record date has been fixed as April 28, 2023, for the payment of the interim dividend and the payment date has been set as May 9, 2023...

HCL Technologies share price jumped 2.79% to Rs 1,066.45 today after the IT company declared an interim dividend of Rs 18 per share, taking the total dividend for the financial year 2023-24 to Rs 48 per share..

In Q4 FY23, the companys net profit jumped 11% on-year to Rs 3,983 crore, surpassing analyst estimates against Rs 3,593 crore in the same quarter last year..

We maintain our BUY rating with a TP of Rs1,150/share at 17x Mar-25E EPS (earlier 1,160), said analysts at Emkay Global Research...

A more balanced portfolio mix with momentum in apps and decent positioning in vendor consolidation and cost take-out mandates can offset vulnerability in ERD and products portfolios, and can drive peer-matching growth, said analysts at Kotak Securities...

Full story at Financialexpress | 

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