Use fall in HCL Tech to buy it: Gajendra Nagpal

Gajendra Nagpal, CEO, Unicon Financial Solutions in an interview with ET Now talks about HCL Tech.

What is the call on HCL Tech in the entire IT space right now?

Shiv Nadar wants to raise some money for their charitable trust. So to that extent, one should not read too much into this sale. Yes, since it was a block deal, so it was done at a discount but there have been a lot of research reports which have been recommending a buy on HCL Technologies.

We understand that they have got a very diversified revenue stream as far as main company is concerned and they are quoting at a significant discount to all the majors like Infosys or Wipro. So to that extent, I do believe that this fall should be taken as an opportunity to buy into the counter.