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.
Nifty can cross 32K in 2026 bull case scenario: Kotak Securities
In a recent note, domestic brokerage firm Kotak Securities has projected a bull case target of 32,032 for the Nifty 50 index by December 2026,