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Shares of software services exporter HCL Technologies Ltd fall as much as 3.5 per cent to Rs 1,081.5, their biggest intraday per cent loss since December 7, 2018. The company’s forward PE is 15.33 below sector average of 15.74.
About 1.4 million shares change hands compared with the 30-day average of around 1.9 million shares. 30 of the 44 analysts covering the stock have “buy” or higher ratings, 10 “hold” and 4 “sell” or lower; median PT Rs 1,170, accordign to Refinitiv Eikon data.
The stock was among top per cent losers on NSE index. It was up 16.20 per cent this year as of last close, compared with the 7.19 per cent rise in the broader NSE Index in the same period.
At 11.40 am, the stock of HCL Technologies was trading lower by 2.22 per cent at Rs 1,092.30 in the benchmark index BSE while in the broader index Nifty the scrip was trading at Rs 1,092.60, lower by 2.5 per cent.
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