Hold HCL Technologies, target Rs 970: Dipesh Mehta

Dipesh Mehta, IT Analyst at SBI Capital Securities told CNBC-TV18, "We have a price target of Rs 970 on HCL Technologies and a hold rating. I think the stock is likely to remain under pressure because of the margin but what is important is what they say about margin and other details."At 09:42 hrs HCL Technologies was quoting at Rs 957.10, down Rs 39.50, or 3.96 percent. It has touched an intraday high of Rs 963.15 and an intraday low of Rs 944.35.