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India Equity Research Reports, IPO and Stock News
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HCL Technologies: Discount to peers accentuated on Director’s Cut
> Valuations are at a discount to its historical average and peers on 1-year forward P/E
> While returns expand, we expect to see discount to sector narrowing
RIM/EAS services to contribute a greater part of HCLT revenues RIM..
> 12-m TP of Rs590 based on Director’s Cut implies FY12E P/E of 14.4X vs. large cap avg. of 18.0X
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
HCL Technologies: Discount to peers accentuated on Director’s Cut
> Valuations are at a discount to its historical average and peers on 1-year forward P/E
> While returns expand, we expect to see discount to sector narrowing
RIM/EAS services to contribute a greater part of HCLT revenues RIM..
> 12-m TP of Rs590 based on Director’s Cut implies FY12E P/E of 14.4X vs. large cap avg. of 18.0X
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