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HCL starts FY25 on a soft note; bumpy path ahead
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Bloomberg data.Peers TCS and Infosys Ltd are trading at multiples of 24 times and 27 times, respectively.The gap between HCL and competitors has narrowed lately.A further reduction would depend on HCL revenue growth trajectory and free cash flows.HCL's sharp re-rating has been driven by higher growth than peers and rectificationof its capital allocation policy, said Nuvama Research report on 12 July.
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HCL Technologies among 21 stocks to trade ex-dividend on Tuesday. Last date to buy today economictimes.indiatimes.com /3 months ago
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