HCL Tech shares fall 1.5% after Citi keeps sell
HCL Technologies shares fell on Thursday after Citi retained its “sell” rating on the IT services major. Citi cited a valuation premium to large-cap peers, while also acknowledging progress in artificial intelligence and data-centre opportunities.
HCL Technologies shares fell on Thursday after Citi kept its ‘sell’ rating on the IT services group. Citi said the stock still trades at a valuation premium to large-cap peers, even as it noted progress in artificial intelligence (AI) and opportunities in the data-centre business. The HCL Tech stock was d…