HCL Tech stock unlikely to see further upside: Analyst

HCL Tech, India's fourth largest software services exporter, has surpassed Street expectations in the June quarter. Bhavin Shah, CEO, Equirus Securities told NDTV Profit that HCT Tech numbers have exceeded the market expectations. "These are a good set of numbers. Better revenues and the rupee's depreciation have helped lifting up the numbers," he added. As far as the stock upside is concerned, he said that the stock is unlikely see much upside further as the overall growth momentum in the IT industry is slowing down.