Brokerage firm Choice Institutional Equities has maintained a 'Buy' rating on HCL Technologies, highlighting the IT major’s robust Q2 performance and notable progress in its Artificial Intelligence (AI) strategy. The firm has revised its target price to Rs 1,720 per share.

The new target implies a potential upside of 15.1 per cent from HCL Tech’s current market price of Rs 1,495, as noted on October 14. On Tuesday, the stock was trading 0.98 per cent higher at Rs 1,509.35. Advertisement

Choice Institutional Equities highlighted that HCL Tech's strategic investments are yielding positive results, as reflected in its second-quarter earnings. The brokerage is optimistic about the company's focus on AI, which it believes will drive future growth. "The company's strategy is to invest in buil

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