HCLTECH

HCL Tech is focusing on cloud services, digital engineering, and AI solutions to drive growth. Q1 FY26 revenue grew 8% YoY, outpacing some peers. However, margins remain under pressure due to wage hikes and elevated subcontracting costs. Strong deal wins in Europe and BFSI vertical provide future revenue visibility. At ~22x FY26 EPS, the stock is attractively valued compared to TCS and Infosys. Investors with a medium-term outlook can consider accumulating as HCL balances growth and profitability in a competitive IT landscape.