{"id":857595,"date":"2024-09-20T08:20:06","date_gmt":"2024-09-20T02:50:06","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=857595"},"modified":"2024-09-20T08:23:32","modified_gmt":"2024-09-20T02:53:32","slug":"hcl-tech-shares-fall-after-kotak-downgrades-stock-to-reduce","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/09\/20\/hcl-tech-shares-fall-after-kotak-downgrades-stock-to-reduce\/","title":{"rendered":"HCL Tech shares fall after Kotak downgrades stock to \u2018reduce\u2019"},"content":{"rendered":"<p>As HCL Technologies&#8217; stock surged by 22 percent over the past three months, Kotak Institutional Equities downgraded the IT company from an &#8216;add&#8217; to a &#8216;reduce&#8217; rating.<\/p>\n<p>HCL Tech\u2019s share price has increased by 5 percent in the last month, 22 percent over three months, and 35 percent in the past year. The company is now trading at a 9 percent and 4 percent discount to TCS and Infosys, respectively\u2014considerably narrower than its five-year historical average. The stock is currently valued at 26 times its estimated FY2026 earnings, reflecting full valuations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As HCL Technologies&#8217; stock surged by 22 percent over the past three months, Kotak Institutional Equities downgraded the IT company from an &#8216;add&#8217; to a &#8216;reduce&#8217; rating. HCL Tech\u2019s share price has increased by 5 percent in the last month, 22 percent over three months, and 35 percent in the past year. The company is now trading at a 9 percent and 4 percent discount to TCS and Infosys, respectively\u2014considerably narrower than its five-year historical average. The stock is currently valued at 26 times its estimated FY2026 earnings, reflecting full valuations.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[55,13,4],"tags":[],"class_list":["post-857595","post","type-post","status-publish","format-standard","hentry","category-it-2-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/857595","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=857595"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/857595\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=857595"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=857595"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=857595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}