HCL Tech, which has a fairly sizeable exposure to the troubled BFSI segment in key US and Europe markets, is likely to report a drop in constant currency revenue growth in a seasonally weak fourth quarter. Its consistent underperformance is also a worrying factor.
Analysts are optimistic about the stock because they say valuations have become attractive after the recent correction in stock price. Most of the company s near-term negatives are already priced in, they say.