CLSA has reiterated its “Hold” call on HCLTech with a target price of Rs 1,556, indicating a potential downside from the current price of Rs 1,809.25.
The company has noted a revival in its BFSI sector, but in areas and with clients that differ from those of Infosys and Wipro. Additionally, HCLTech views Generative AI (GenAI) as a significant opportunity to drive productivity improvements, particularly in software engineering and testing.
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