Hot Stocks: Brokerages view on HCL Tech, M&M Finance, L&T Finance & UltraTech Cement

Nomura maintained a neutral rating on HCL Technologies with a target price of Rs 1,200. After the divesture, HCL would lose $97 million or 80 bps of its current revenues. As a part of this divesture, HCL would receive $170 million + net book value on the date of closing.

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