Nomura maintains Buy on HCLTech with ₹1,600 target

Nomura maintains Buy on HCLTech with ₹1,600 target driven by its strategic investment in Sarvam AI. The brokerage highlights AI and cloud-led growth as key catalysts. ₹1,600 target reflects strong confidence in future margins and digital revenue scaling. HCLTech’s AI initiatives are expected to drive long-term differentiation.

📊 STOCKS: HCLTECH | 🏢 SECTOR: IT | #MEDIUMIMPACT #BrokerCall