Espresso Shot of the Day - HCL Technologies Ltd up by 3.91 Percent

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Espresso Shot of the Day - HCL Technologies Ltd up by 3.91 Percent

December 21, 2021
Espresso Shot of the Day - HCL Technologies Ltd up by 3.91 Percent

HCL TECHNOLOGIES LTD 1205.25 (+3.91%) BSE – INE860A01027 | Dec 21, 2021

HCL Technologies is a next-generation global technology company that helps enterprises reimagine their businesses for the digital age. Their technology products and services are built on four decades of innovation, with a world-renowned management philosophy, a strong culture of invention and risk-taking, and a relentless focus on customer relationships. HCL also takes pride in its diversity, social responsibility, sustainability, and education initiatives. Through its worldwide network of R&D facilities and co-innovation labs, global delivery capabilities, and over 187,000+ ‘Ideapreneurs’ across 50 countries, HCL delivers holistic services across industry verticals to leading enterprises, including 250 of the Fortune 500 and 650 of the Global 2000. Enterprises across industries stand at an inflection point today. In order to thrive in the digital age, technologies such as analytics, cloud, IoT, and automation occupy center stage. To offer enterprises the maximum benefit of these technologies to further their business objectives, HCL offers an integrated portfolio of products and services through three business units. These are IT and Business Services (ITBS), Engineering and R&D Services (ERS), and Products and Platforms (P&P).

Recent Drivers

  • On Dec 17, 2021, HCL Technologies was named a Titanium level partner by the Intel Network Builders Winner's Circle ecosystem program.
  • On Dec 9, 2021, the company named Santhosh Jayaram as the Global Head of Sustainability to refine and focus its existing agenda and strategy in the critical areas such as the environment
  • On Dec 8, 2021, HCL and apoBank signed an agreement with Atruvia AG to acquire IT consulting company Gesellschaft für Banksysteme GmbH (gbs).
  • On Dec 7, 2021, the global technology company announced that it planned to create 12,000 new jobs in the United States in the next five years.
(Sources: Business Standard, Business Line, Economic Times)

Technical Force*

  • S&P BSE Sensex month till date gain up by -1.31%
  • Spurt in Volume by more than 2.85 times 3 months avg. volume: 314,027
  • Quantity traded: 1.48,424 | Deliverable quantity: 48,489 (32.67%)
  • Stock price has jumped more than 40% from one-year-low level: 850.00 (Dec 21, 2020)
  • Daily RSI (14) is in Oversold territory today
  • 52-week-high: 1377.00 | 52-week-low: 850.00

Key Pivot  (Yearly)

R4

R3

R2

R1

PP/FIB PP

S1

S2

S3

S4

Pivot Point

-

1713.30

1331.65

1138.80

757.15

564.30

182.65

-

    -

Fibonacci Pivot

1331.65

1112.19

976.61

889.29

757.15

625.02

537.69

402.11

182.65


Today’s Close

1205.25

SMA

BSE

10 DAY

1166.86

20 DAY

1154.50

50 DAY

1175.85

200 DAY

1072.17


Some Key Ratios (Source: BSE)

Market Cap:  3,27,064.49 Crores

PE: 35.99

OPM%: 39.05

ROE%: 21.17

Promoters holding%: 60.33

Prev. Close: 1159.85

*Chart and Technical Force data from the Binge desktop app
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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.