Citi and CLSA have downgraded HCLTech shares due to a valuation premium to peers, citing slowing growth and a weak software business.

India

Who

Citi, CLSA, Infosys, TCS

What

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 thread

No related history yet - this is the origin event.

Verified Sources & Citations

CNBC TV18
https://www.cnbctv18.com/market/hcltech-share-price-downgrade-after-q1-results-citi-clsa-target-buy-sell-valuations-returns-triggers-risks-19944628.htm
HIGH

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