Financial Insights

HCL Tech’s low ratings and good outlook attract investors, but at risk.

HCL Technologies is at the forefront of rising IT stocks on Monday, November 29th, with stocks up about 2%.

Shares are the cheapest of the four largest IT companies, following this year’s NSE Nifty IT Index.

HCL Tech is trading at 20 times the estimated revenue for FY2023, compared to 25-29 times the valuation of Wipro, Infosys and Tata Consultancy Services. Shares underperformed as HCL lags behind peer earnings growth in the last two quarters.

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