Dividend In Oct: Large Cap IT Stock Sets Record Date, Buy For TP Rs 2200: Motilal Oswal

Number of FII/FPI investors decreased from 1426 to 1390 in June 2024 quarter. Mutual Funds have increased holdings from 7.99% to 8.53% in Jun 2024 quarter. Life insurance corporation of India (LIC) has 4.65% stake in HCL Tech with 126,187,817 shares of the company. Check details below:

HCL Technologies To Consider Results, Dividend: As per the regulatory filing of HCL Technologies dated September 17, 2024, "We would like to inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Monday, October 14, 2024 to consider amongst others:
1) Un- audited Financial Results of the Company for quarter and half-year ending September 30,
2) Payment of 3rd Interim dividend for the financial year 2024-25."

HCL Tech Sets Record Date For Dividend: The BSE filing added, "the Record Date for determining the entitlement of the shareholders for the payment of the aforesaid interim dividend shall be October 22, 2024, subject to the approval of the interim dividend by the Board of Directors."

HCL Technologies Dividend History: HCL Technologies announced 90 dividends since September 25, 2000. In last 1-year, HCL Technologies announced an equity dividend amounting to Rs 54.00 per share. At the current share price of Rs 1812.70, HCL Technologies offers a dividend yield of 2.98%.

Motilal Oswal Recommends Buy: Motilal Oswal recommended buy rating to HCL Tech share and upgraded the target price to Rs 2,200 from Rs 2000. The analyst feels that the IT company will lead revenue growth over the last 3-years.

HCL Technologies Bonus History: HCL Technologies announced 3 bonus issues since March 15, 2007. The last Bonus that HCL Technologies declared was in the ratio 1:1 with ex-date of Dec. 5, 2019.

HCL Technologies Stock Split History: HCL Technologies Ltd. has split the face value 1 time since Nov. 27, 2000. HCL Technologies Ltd. had last split the face value of its shares from Rs 4 to Rs 2 in 2000.The share has been quoting on an ex-split basis from November 27, 2000.

About: HCLTech is a global technology company, home to more than 224,000 people across 60 countries, delivering industry-leading capabilities centered around digital, engineering, cloud and AI, powered by a broad portfolio of technology services and products.

Disclaimer: The stock has been picked from the brokerage report of Motilal Oswal. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.