Stock of Interest

Posted On: October 13, 2023

Stock Report: #HCLTECH (#NSE) 12 Oct 2023 

HCL Technologies Ltd provides enterprises with IT solutions in India. It focuses on offering Digital, Internet of Things Services, Cloud, Automation, Cybersecurity, Infrastructure Management, and Engineering Services to solve business problems for clients. While the company is based in India, it has international clients in a large number of countries. It offers solutions to a variety of industries including Financial Services, Public Services, Consumer Services, Healthcare, and Manufacturing. It operates in three segments IT and Business Services, Engineering and R&D Services, and Products and Platforms. The firm emphasizes consultation services for firms, with the goal to offer them digital and design solutions. Most of the firm’s revenue comes from IT and Business Services segment. 

#xCalData predicts that # HCLTECH will continue its bearish phase over the next five days and trend within the range of 1194 to 1264. 

  

In comparison to the previous month, the price of the stock has experienced a decline of 3.03% indicating a bearish. 

The Stock has doubled once since 07 Jan 2015 and took an average of 5.7 years to double. 

The stock has not shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 3 years in the past. 

Majority of the technical ratios trend towards Bearish side of the spectrum. Only some of the technical indicators namely MFI indicate Bullish view. 

Collectively, xCalData suggests the stock would be in Bearish zone for next 5 days. 

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