Mar 07, 2013 04:41 PM IST | Source: CNBC-TV18

Buy HCL Tech if stock gets closer to Rs 700: Sekhar

Phani Sekhar, Fund Manager of Angel Broking recommended buying more shares of HCL Tech if reaches closer to Rs 700 level.

Phani Sekhar, Fund Manager of Angel Broking recommended buying more shares of HCL Tech if reaches closer to Rs 700 level.

Sekhar told CNBC-TV18, “HCL Tech is a company that has been winning market share and that’s certainly good news with a lot of deals coming up for renegotiations in the next six months. It is in a very good sweet spot considering the fact that valuations are not very expensive. It has displayed an industry leading growth which is expected to continue for the next two years as well. So investor can very well hold on to HCL Tech and maybe on days of steeper decline, if stock reaches closer to Rs 700 level for whatever reason, investor can look at adding more.”

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