Sudarshan Sukhani, s2analytics.com advises traders to buy HCL Tech on corrections.
Sukhani told CNBC-TV18, “HCL Tech is still a buy in spite of the fact that it has rallied so much. In fact all the four IT stocks including Infosys, Wipro, TCS and HCL Tech are buying opportunities. They are distinctly outperforming everything else and HCL Tech is now going towards lifetime highs. So I would not worry about where it is now. Any minor correction should be used to go long in it.”
On Feb 13, HCL Technologies closed at Rs 707.55, up Rs 29.15, or 4.30%. It has touched an intraday high of Rs 712.80 and an intraday low of Rs 680.