Unstoppable ascent: large-cap multibagger stock blazes past 52-week high; do you own it?
The stock has seen tremendous purchasing activity as it has provided multibagger returns of more than 113 percent in just three years.
On June 30, 2023 the shares of HCL Technologies Limited soared 1.53 per cent, the stock hits fresh 52-week high of Rs 1194.10 per share of BSE. The intraday high and low are Rs 1194.10 per share and Rs 1164.80 per share, respectively on BSE.
HCL Tech is a global IT services company that ranks among the top five Indian IT services companies in terms of revenue. HCL Tech has focused on transformational outsourcing since its IPO in 1999, and offers an integrated portfolio of services comprising software-led IT solutions, remote infrastructure management, engineering and R&D services, and BPO. To provide multi-service delivery in major industry verticals, the company uses its broad global offshore infrastructure and network of offices in 46 countries.
The key highlights of Q4FY23:
1) Total revenue stood at Rs 26,606 crore in Q4FY23, witnessing a surge of 17.74 per cent YoY basis as compared to Q4FY22.
2) The operating profit for Q4FY23 is at Rs 5,863 crore, surge of 16.05 per cent on YoY basis as compared to Q4FY22.
3) Net profit of Rs 3,981 crore for Q4FY23 is up by 10.61 per cent on YoY basis, compared to Q4FY22.
The key highlights for FY23:
1) Total revenue of Rs 101,456 crore, zoomed by 18.45 per cent on YoY basis over FY22.
2) The EBIDTA level stood at Rs 22,628 crore, witnessing surge of 10.22 per cent on YoY basis as compared to FY22.
3) PAT stood at Rs 14,845 crore, jumped 9.77 per cent on YoY basis from FY22.
The dividend yield on this stock is 4.04 per cent. The company has maintained a respectable dividend payout of 65.5 per cent.
The stock has seen tremendous purchasing activity as it has provided multibagger returns of more than 113 percent in just three years, and it has increased by 22 percent in the last 1 year. Investors to keep close eye on his large-cap computers - software & consulting stock.
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HCL Tech is a global IT services company that ranks among the top five Indian IT services companies in terms of revenue. HCL Tech has focused on transformational outsourcing since its IPO