After a period of consolidation, shares of India's fourth-largest IT company, HCL Technologies, are seeing renewed investor interest. Analysts say sustained deal momentum and attractive valuation make a case for the stock’s re-rating.
After lagging its four large peers in the past three months, HCL Technologies has emerged as the second-best performing IT stock in the past month, and is now less than 3 per cent away from its all-time high.
While a handful of countries have begun inoculating their citizens with recently approved vaccines, a large part of the western world (the US and Europe) continues to grapple with the second