#HCL_TECHNOLOGIES
#Jefferies
Hold Call, Target At Rs 1,770/Sh
Q2 Operating Performance Beat Est, With Both Svcs & Product Business Surprising Positively
Deal Wins Remain Rangebound IN Q2
Management Sees Discretionary Spending Environment Improving At Margin
With Stock Trading At 28x 1-yr Fwd, See Limited Scope For Re-rating
#HSBC
Hold Call, Target Raised To Rs 1700/Sh
Slight Upgrade To FY25 Guidance, Though H2 Implied Guidance Does Not Allude To Acceleration
Valuations Are Now In Line With TCS, Which Further Restricts Near-term Re-rating
#Nomura
Buy Call, Target At Rs 2,000/Sh
Strong Execution Drives Beat In Q2
Co Lifts Bottom End Of FY25 Revenue Growth Guidance
Raise FY25-26 EPS By Nearly 1-1.5%
#MorganStanley
Overweight Call, Target Raised To Rs 1,970/Sh
Q2 Results Were Better-than-expected
Constructive Comments On Improving Demand Result In EPS Upgrades
Con