The bullish stance of analysts is driven by LTIMindtree s better-than-expected performance in Q2 FY24, strong deal pipeline, improving growth in SAP digital, data, and vendor consolidation.
HCL Technologies Ltd., incorporated in the year 1991, is a Large Cap company (having a market cap of Rs 390903.46 Crore) operating in IT Software sector.
From the Sensex stocks, Tata Steel, Wipro, Infosys, JSW Steel, HCL Tech and Tech Mahindra were the top laggards, falling 1-2%. On the flip side, Reliance, Sun Pharma, Bajaj Finance, Nestle, and M&M opened with gains.
While Microsoft, IBM, HCL Tech and the Confederation of Indian Industry (CII) have come on board, talks are on with Google, Meta, Cisco and various sector leaders, a senior government official told ET. "The plan is to have at least 10 international awarding bodies in the next two months and double this to 20 by July 2024," the official said.