InvestorQ : Why has HCL Tech been scaling new highs on a regular basis?
manisha Kolvenkar made post

Why has HCL Tech been scaling new highs on a regular basis?

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Crowny Pinto answered.
2 months ago
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HCL Tech recently scaled a new high of Rs.1,193 after it announced an investment Austin GIS Inc. While the investment may be a small one, there have been a slew of strategic orders that HCL Tech has been receiving. That explains why the stock of HCL Tech is up 16%, in the last one month, outperforming the Sensex by nearly 800 basis points margin. This outperformance has been largely backed by a spurt in contract flows.

HCL Tech recently signed a contract with Munich Re, one of the world’s largest reinsurers, based out of Germany. The contract is to create next generation digital workplace across. HCL had also signed an end-to-end IT transformation deal with Wacker Chemie of Germany for a modernized digital workplace. HCL Tech has an impressive 37% sales exposure to IMS, where spending is non-discretionary, and that works to the advantage of HCL Tech.

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