HCL Tech stock playing catch up with peers after lagging for three months

Strong deal pipeline is keeping analysts bullish; 41 out of 45 have a 'buy' rating

Topics
HCL Technologies | HCL tech stock | digital spend

Yash Upadhyaya  |  Mumbai 

After a period of consolidation, shares of India's fourth largest IT company, HCL Technologies are seeing renewed investor interest. Analysts say, sustained deal momentum and attractive valuation make a case for the stock’s re-rating.

After lagging its four large peers in the past three months, HCL Technologies has emerged as the second best performing IT stock in the last 1 month, and is now less than 3 per cent away from its all-time high. While a handful of countries have begun immunising their citizens with recently approved vaccines, a large part of the western world ...

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First Published: Wed, December 16 2020. 19:50 IST
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