{"id":850331,"date":"2024-08-31T07:40:14","date_gmt":"2024-08-31T02:10:14","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=850331"},"modified":"2024-08-31T07:46:43","modified_gmt":"2024-08-31T02:16:43","slug":"nuvama-raises-hcltech-target-price-to-rs-2020-says-gen-ai-to-drive-growth","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/08\/31\/nuvama-raises-hcltech-target-price-to-rs-2020-says-gen-ai-to-drive-growth\/","title":{"rendered":"Nuvama raises HCLTech target price to Rs 2,020; says Gen AI to drive growth"},"content":{"rendered":"<p>Nuvama on HCLTech: Nuvama, a domestic brokerage, has raised its target price for IT giant HCLTech to Rs 2,020 per share from Rs 1,800, reflecting a 15.5 per cent upside. The brokerage, however, has maintained a \u2018Buy\u2019 rating on the scrip. <\/p>\n<p>\u201cHCLTech\u2019s sharp re-rating has been driven by higher growth than peers and rectification of its capital allocation policy \u2014 fundamentals that we believe shall sustain in FY25 too. We are upgrading target valuation to 27x September-26 PE (earlier 24x) on better growth visibility; maintain \u2018Buy\u2019 with a target price of Rs 2,020 (earlier Rs 1,800),\u201d Vibhor Singhal, Nikhil Choudhary, Yukti Khemani of Nuvama said in a note.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nuvama on HCLTech: Nuvama, a domestic brokerage, has raised its target price for IT giant HCLTech to Rs 2,020 per share from Rs 1,800, reflecting a 15.5 per cent upside. The brokerage, however, has maintained a \u2018Buy\u2019 rating on the scrip. \u201cHCLTech\u2019s sharp re-rating has been driven by higher growth than peers and rectification of its capital allocation policy \u2014 fundamentals that we believe shall sustain in FY25 too. We are upgrading target valuation to 27x September-26 PE (earlier 24x) on better growth visibility; maintain \u2018Buy\u2019 with a target price of Rs 2,020 (earlier Rs 1,800),\u201d Vibhor Singhal, Nikhil Choudhary, [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9,34,4],"tags":[],"class_list":["post-850331","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-it-2-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/850331","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=850331"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/850331\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=850331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=850331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=850331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}