Sell HCL Tech

Sell HCL TechStock market analysts are of the view that investors can sell HCL Technologies Ltd stock with a target price between Rs 356-353.

According to them, investors can sell the stock below Rs 358 with a strict stop loss of Rs 362.

If the stock fell below Rs 349, it may see more weakness.

Today (Feb 16), the stock opened at Rs 364.40 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 388 and a low of Rs 91.70 on BSE.

Current EPS & P/E ratio of the stock stood at 23.35 & 15.51 respectively.

After selling the stock, the interested investors can enter the stock again at a low price, for medium or long term prospective.

On Feb 15, HCL AXON, a subsidiary of HCL Technologies, has hired Patrick Grubbs as its global head of the travel and transportation practice.

In this role, Grubbs will look after the sustained development of HCL Axon`s SAP footprint in the Travel and Transportation business.

Patrick will help drive HCL Axon`s growth via the addition of its service portfolio in its subsisting worldwide client base, while concentrating on the acquirement of new strategic customers across the industry.

HCL Technologies (HCL), on Feb 03, declared that its has signed up a partnership deal with software company nMetric in order to offer up intelligent shop floor solutions to automotive makers.

nMetric will leverage HCL`s complete automotive solution, ISFS, to assist producers develop operations by automatizing and supervising complex automotive factory processes.