How to make money fast: Hot stock! HCL Technology shares to give big return in just 14 days, say experts
How to make money fast from stocks: HCL share price can move from current levels to Rs 1,060 in just 2 weeks, say experts.
How to make money fast from stocks: HCL share price is expected to outperform other IT stocks on Dalal Street! Share market experts are of the opinion that since the US economy is expected to perform better, the IT companies in India too will do well - they generate 90-95 per cent of their revenue through exports. As per the experts, if we look at the fundamentals of the HCL Technology share price, it is poised for an upside swing and can give around 4 per cent returns in two weeks. Currently, the HCL Technology share is oscillating around Rs 1,015 per stocks.
Speaking on the revenue part of the HCL shares, which is governed mainly by the exports Prakash Pandey, Head of Research at Fairwealth Securities said, "US economy is comparatively doing well against India. So, at a time when India-based companies are receiving huge beating at Dalal Street, investors can look at the IT stocks, which is visible in the last two trade sessions. However, to maximise their gains, stock market investors can look at HCL Technology stock as it will give faster movement against the IT majors like Wipro, Infosys or TCS. Apart from that, its fundamentals are looking strong as the export of the company is expected to remain on growth with higher trajectory side." Asked about the targets that he would suggest an investor in regard to the HCL Technology share price Prakash Pandey said, "The HCL Technology shares may show Rs 1,060 levels in coming two weeks. An investor can take a buy position in the counter with stop loss at Rs 975 per shares."
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Commenting on the strong fundamentals of the HCL Technology shares Chandan Taparia, Derivative & Technical Analyst at Motilal Oswal said, "90 to 95 per cent revenue of the Indian IT companies come from exports. Since the economy of the US, Canada, France, Germany are doing better than the Indian economy, Indian IT companies are expected to deliver better numbers in Q2FY20 and hence their stock price is expected to rise at a faster rate." On the suggestion to the stock market investors in regard to the HCL share price Chandan Taparia said, "HCL Technology share price is poised to touch Rs 1,040 to Rs 1,045 per stock levels in one week."
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