Buy HCL Tech, advises Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "I am bullish on HCL Technologies, at least in the short-term. It made lifetime new highs. HCL Tech continues to be a buying opportunity. IT at some point will start a correction or a consolidation but that point hasn’t come. We anticipated and it never happens. At this point HCL Tech is a buying opportunity, there is more upside. This is for the short-term trader."

At 09:42 hrs HCL Technologies was quoting at Rs 1,256.50, down Rs 6.60, or 0.52 percent. It has touched a 52-week high of Rs 1,270.10.

The share touched its 52-week high Rs 1,269 and 52-week low Rs 615.30 on 30 December, 2013 and 31 December, 2012, respectively. Currently, it is trading 0.99 percent below its 52-week high and 104.21 percent above its 52-week low. Market capitalisation stands at Rs 87,807.39 crore.