Today's cryptocurrency prices: Bitcoin and Ethereum rise, but Dogecoin declines.
The current value of Bitcoin is $41,656.78. The domination of the world's largest cryptocurrency is presently 41.12 percent, a rise of 0.13 percent over the previous day.
On April 21, the majority of cryptocurrencies were trading in the green. The worldwide cryptocurrency market cap is now $1.93 trillion, up 0.51 percent from the previous day.
Over the previous 24 hours, the overall crypto market volume has increased by 13.53 percent to $91.10 billion.
The overall volume in DeFi is presently $12.46 billion, accounting for 13.67% of the entire 24-hour volume in the crypto market. The overall volume of all stable currencies is currently $76.99 billion, accounting for 84.51 percent of the entire 24-hour volume of the crypto market.
Bitcoin is currently worth $41,656.78. According to CoinMarketCap statistics, the world's largest cryptocurrency presently has a dominance of 41.12 percent, a rise of 0.13 percent over the previous day.
In other developments, Robinhood Markets Incorporation, a financial services organization located in the United States, announced the acquisition of Ziglu Ltd, a UK-based electronic money institution and crypto-asset firm. The transaction is contingent on regulatory approvals and other usual closing conditions.
ICICI Securities recommends holding HCL Technologies with a target price of Rs 1150.
In their research report dated April 22, 2022, ICICI Securities suggested a hold rating on HCL Technologies with a target price of Rs 1150.
HCL Technologies research report from ICICI Securities
HCLT's results followed a same pattern as the previous three quarters: strong services growth, margin performance hampered by a poor Products division, and a good TCV. HCLT reported 1.1 percent QoQ CC revenue growth (vs. Isec's +1.5 percent). Miss was due to a 24 percent QoQ CC reduction in Products and Platforms, although Services (ITBS and ERS) had a 5 percent QoQ CC increase. We'd like to emphasize that the Services company has regularly grown organically at 5.0 percent CC QoQ or higher over the previous three quarters (highest amongst Tier-I). Among services, IT services grew by 5.2 percent year on year, while ER&D grew by 4 percent year on year.
We retain our HOLD rating and a target price of Rs1,150 based on a 19x multiple of FY24E EPS of Rs61 (prior: Rs1,177).