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Weekly Tactical Pick – HCL Tech

Technology tailwinds to help the HCL Tech gain market share

April 30, 2021 / 11:03 AM IST
Weekly Tactical Pick – HCL Tech

In this week’s tactical pick, we are recommending HCL Tech (CMP: Rs 909, Nifty level – 14618). After reporting a lower-than-expected quarterly numbers, the HCL Tech stock, in the last few trading sessions, has corrected by over 10 per cent as against a 2 per cent rise in the Nifty Index. The revenue performance of the company was subdued. Revenues for the quarter, at $2696 million, showed a sequential growth of 3 per cent in reported currency and 2.5 per...

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