Bearish on HCLTech with a 'REDUCE' rating and a target price of ₹1,120. This rating indicates a negative outlook, suggesting that investors should reduce their holdings due to concerns over the company's prospects amidst intensifying competition and muted growth in the IT services sector.

JM Financial Analysis’s track record: 4 graded calls · 95% CI 5–70%

HCLTechBearishCalled 16 Sep 2026
Verdict:PENDING

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Tracking HCLTech since this call

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