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HCL Technologies Ltd Hit a High for Third Consecutive Session

On National Stock Exchange (NSE), HCL Technologies Ltd is quoting Rs 1,097, up 1.78%. The stock was down 12.85% in 2022, with a 2.27% decline in the Nifty and a 24.71% drop in the Nifty FMCG Index.

On January 16, 2023, HCL Technologies Ltd gained for a third straight session. The stock is quoted at Rs 1,097, up 1.78%. The benchmark Nifty was down about 0.36% on the day at 17,892.75. The Sensex is at 60,105.38, falling 0.26%. HCL Technologies Ltd jumped around 6.17% in December 2022.

Meanwhile, the Nifty FMCG index of which HCL Technologies Ltd has risen around 2.31% in December 2022 and is currently at 28933.75, up 0.97%. The volume in the stock stood at 28.4 lakh shares on January 16 2023, compared to the daily average of 26.23 lakh shares in December 2022.

In the January futures contract, the stock’s benchmark is at Rs 1,091.65, up 2.08% on the day. HCL Technologies Ltd was down 12.85% for 2022, the Nifty was down 2.27%, and the Nifty FMCG Index was down 24.71%.

At the end of December 2022, the PE of the stock is 25.18 based on TTM earnings.

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