Is HCL Tech Stock Headed For A Correction?

Shares of HCL Technologies are down over 19% from its 52-week high of Rs 1,359, hit on January 13, 2022 

HCL Tech Shares Down 19% From 52-Week High

Shares of HCL Technologies have managed to recover 26% from its 52-week low of Rs 875.65, hit on August 29, 2022

HCL Tech Shares Up 26% From 52-Week Low

Credit Suisse said it sees HCL Tech at a high risk of 20% valuation-led correction. Current valuations are unsustainable in a worsening US macro scenario

HCL Tech At High Risk?

Credit Suisse expects the top four IT companies to fall 10-27%, driven by valuation correction

Credit Suisse Bearish
On IT Pack

Shares of HCL Tech tanked 7% to hit a day's low of Rs 1,020 on BSE on December 9, 2022

HCL Tech Shares Tank

On a year-to-date basis, the stock of HCL Tech is down over 22%

HCL Tech Shares Down
22% In 2022 So Far

HCL Tech reported a 7% year-on-year rise in consolidated net profit at Rs 3,489 crore compared with Rs 3,259 crore in the same quarter last year

HCL Tech Q2 Performance

The board of HCL Technologies also declared an interim dividend of Rs 10 per share

HCL Tech:
Dividend Declared

Stock mentioned in the story is for information purpose only. Investors or market participants should consult their financial advisors before taking any position

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