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Why HCL Tech is a good addition with a new normal around the corner

We would advise investors to add HCL Tech on every market correction as the long-term proposition remains strong and the company is likely to be a winner in the post Covid-19 era of new normal.

May 08, 2020 / 08:34 PM IST
Why HCL Tech is a good addition with a new normal around the corner

Image: Twitter

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

Highlights - Decent Q4 performance from HCL Tech – healthy organic growth and uptick in margins - Strong deal win and positive commentary on future pipeline - Well diversified across industry verticals - Near term dip –volume and pricing pressure as well as payments delay - Several opportunities post-COVID, fluid digital workplace and greater adoption of digital - Buy on market correction A positive surprise in the ensuing earnings season is the performance and commentary from IT companies – especially the well managed ones. While there is...

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