we would advise investors to wait for a more opportune entry point for HCL Tech amid global market volatility
PRO Only Highlights
- Quarterly performance largely backed by improved realisations
- Medium-term triggers China plus and protectionist measures for tyre industry
- Valuations not inexpensive; but improved medium-term outlook
- Quarterly performance largely backed by improved realisations
- Medium-term triggers China plus and protectionist measures for tyre industry
- Valuations not inexpensive; but improved medium-term outlook
Highlights Strong show from HCL Tech – product business shines Services steady amid seasonal weakness Margin improves thanks to products, expects moderation in Q4 Order booking robust, outlook encouraging Supply-side pressure waning, should support margin Stock can correct after outperformance should markets turn hostile, buy on weakness HCL Tech’s (CMP: Rs 1,071.6 Market Cap: Rs 2,90,809 crore) Q3 was expected to be strong, thanks to the seasonality of its software business. However, it turned out to be a blockbuster, riding on a steady show by services,...