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Citi and CLSA have downgraded HCLTech shares due to a valuation premium to peers, citing slowing growth and a weak software business.
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India
Who
Citi, CLSA, Infosys, TCS
What
Citi and CLSA have downgraded HCLTech shares due to a valuation premium to peers, citing slowing growth and a weak software business.
When
Tue, 14 Jul 2026 02:20:40 GMT · 2h 36m ago
Where
India ·
Why
The valuation premium for HCLTech to peers like Infosys and TCS was deemed too high by Citi given slowing growth and a weak software business.
The Frontline Impact
How this affects you
The downgrade by Citi and CLSA suggests potential downward pressure on HCLTech's stock price. Citi also reduced its FY27 and FY28 EPS estimates for the company.
Story chain
1 event in this threadNo related history yet - this is the origin event.