HCL Tech is one of India’s leading software company with excellent track record of financial performance and managing trends in technology spending. Digital projects, the new frontier for the sector, has got a shot in the arm during the pandemic period as corporates undertook many initiatives to keep their businesses going amidst lockdown and social distancing. Large deal wins in recent times is expected to the lead the company into a new growth phase. Focus on products and platforms to is strategic and once scale is reached, these could provide steady high margin cashflow. Reasonable valuations and good revenue visibility are key positives and despite soft near term performance we have an over weight rating – 20-07-2021 Price: 977.00 Rating: Over Weight Recommendation: Buy
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