Expect 20% upside in HCL Tech: Ashwin Mehta

Ashwin Mehta, IT Analyst of Nomura India told CNBC-TV18, "We still think there is 15-20 percent upside in IT stocks from current levels from a one-year perspective.

"In HCL Technologies, we still see a 20 percent odd upside from current levels, TCS would be closer to that or slightly lower and Infosys will give 10-15 percent returns from here on," Mehta added.

HCL Technologies touched its 52-week high Rs 1,197 and 52-week low Rs 615.30 on 17 December, 2013 and 31 December, 2012, respectively.

The company's trailing 12-month (TTM) EPS was at Rs 61.52 per share. (Sep, 2013). The stock's price-to-earnings (P/E) ratio was 19.20. The latest book value of the company is Rs 146.43 per share. At current value, the price-to-book value of the company was 8.07. The dividend yield of the company was 1.02 percent.