This tech company launches advanced testing facility for 5G infrastructure OEMs!
The company has a ROCE of 28.7 per cent and a ROE of 23.3 per cent. Furthermore, it maintains a healthy dividend payout ratio of 65.5 per cent.
HCL Tech is a leading global IT services company, known for transformative outsourcing and a wide range of services including software solutions, infrastructure management and engineering. With a strong offshore presence and global network, it serves key industries worldwide.
HCL Tech has launched a cutting-edge test lab in Chennai, India, specifically designed for global telecom infrastructure OEMs to test and validate 5G solutions. The lab is equipped with advanced scanners to test both large cellular base stations and small antennas used in various devices. With a skilled engineering team, HCL Tech aims to deliver high-quality and high-performance cellular and non-cellular products.
The lab is currently capable of testing 5G antennas up to 7 GHz, with scalability for millimeter-wave frequency infrastructure. This initiative helps OEMs accelerate time to market and optimise cellular networks for seamless connectivity. HCL Tech is a renowned global leader in engineering and R&D services, collaborating with numerous top global engineering R&D spenders.
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The company has delivered impressive returns of 98 per cent over the last 3 years and 143 per cent over the last 5 years. Additionally, it has achieved a 15 per cent growth in sales (CAGR) and a 12 per cent growth in profit (CAGR) over the past 5 years. The company has a ROCE of 28.7 per cent and a ROE of 23.3 per cent. Furthermore, it maintains a healthy dividend payout ratio of 65.5 per cent.
On Wednesday, shares of HCL technologies surged by 0.28 per cent and made an intraday high of Rs 1133.15. The stock experienced a spurt in volume by more than 2.48 times.
Investors should keep a close eye on this trending stock.