HCL Tech Share price

 HCL Tech Shares 

Shares of well-known IT company HCL Tech were on top of investors' list for selling as the stock lost nearly 7 percent on Friday and for the first time in the last 6 months IT sector stock rallied more than 21 percent in calendar 2022 has fallen down

Recently an analyst in New York indicated that there will not be much growth in the coming time, the growth for FY23 will be at the low level of 13.5 - 14.5%, and also he told about many things.

With the deteriorating macro condition, it is very difficult to find good news on this topic and most people are selling the stock right now.

The management of the company also said that the stock price increase in the last 6 months was very selective and they said that there is a possibility of reducing the budget expenditure in the future and this can affect the December quarter revenue.

Due to this, there may be some change in the brokerage rate as many things are changing

Kotak Institutional Equities also commented on the matter and said that the "margin profile could improve further as talent constraints ease. Share has lost some traction after the recent rally."