HCL Tech shares touch 52-week low after Q1 show; brokerages cut EPS estimates
Updated: 13 Jul 2022, 11:56 AM IST
- HCL Tech's Q1 numbers failed to cheer brokerages and analysts. Even as most brokerages have maintained their previous view on the stock, they highlight the company may find it difficult to maintain guidance due to elevated supply-side issues and a weak start to FY23.
Domestic brokerage firm Motilal Oswal Financial Services has maintained a buy call on the stock with a target price of ₹1,110, but it has trimmed its FY23and FY24 estimate by 1% and 3% respectively.