Edelweiss Capital positive on HCL Technologies

Ganesh Duvvuri of Edelweiss Capital is positive on HCL Technologies.

Duvvuri told CNBC-TV18, "HCL Technologies is our second best pick in the sector, the first being TCS. We are positive on HCL Technologies; we think this quarter the revenue growth should be around 6.5-7% dollar terms. HCL Tech in the past also has grown faster than its peers because of its focus on large deals. We think that should continue going into FY12 as well." He further added, "On the margin front we think HCL Tech hopefully has found a bottom and this quarter we are expecting margins to remain stable but we think commentary should be good from HCL Tech as well so that