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Credit Suisse on HCL Technologies: Research house maintained outperform call on the stock with a target at Rs 1,310 per share. The earnings upgrades are in-line with peers, while valuations is much lower, it added.
The company is trading at a 40% discount to TCS versus long-term average discount of 25 percent. The improving business fundamentals with reasonable valuations offer attractive risk reward, it added further.
Buzzing: Shares of Quick Heal Technologies added 7 percent in the early trade on Wednesday after board approved buyback of equity shares.
Company board approved a proposal to buyback up to 63,63,636 equity shares of the company, being 9.02 percent of the total paid up equity, for an aggregate amount not exceeding Rs 175 crore, at a price of Rs 275 per share.
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