$HCLTECH Share Price: Morgan Stanley maintains ‘Equal Weight’ after IT firm’s bet on Sarvam AI

HCL Tech Share Price: Brokerage firm Morgan Stanley has largely maintained a constructive stance on HCL Technologies after the IT services company emerged as the lead investor in full-stack generative AI startup Sarvam AI’s latest funding round. Mumbai-listed HCL Tech has invested Rs 1,427.25 crore for a 10.46 per cent stake in Axonwise Pvt Limited, the company that operates Sarvam AI. The investment was part of a Series B fundraise of around USD 300 million, which values the startup at nearly USD 1.5 billion.