Hcl Tech Tumbles 4 5 As Analysts Cut Price Targets
E
Economic TimesVerified Publisher
HCL Technologies shares dropped significantly on Tuesday following analyst target reductions. Most foreign brokerages trimmed their price targets after the company's first-quarter results. The Nifty IT index also saw a decline, mirroring the broader market trend. Despite this, many domestic brokers maintain a positive outlook on the stock. Analysts still project a potential upside from current trading levels. While most domestic brokers remain optimistic about the stock's prospects, foreign brokerages like HSBC, CLSA, Morgan Stanley, BNP Paribas, Jefferies, JP Morgan and Citi trimmed their targets for HCL Technologies . Top
. The Nifty IT index also saw a decline, mirroring the broader market trend. Despite this, many domestic brokers maintain a positive outlook on the stock. Analysts still project a potential upside from current trading levels.
While most domestic brokers remain optimistic about the stock's prospects, foreign brokerages like HSBC, CLSA, Morgan Stanley, BNP Paribas, Jefferies, JP Morgan and Citi trimmed their targets for HCL Technologies .
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