Despite a daily boost, HCL Technologies fell short of expectations on Friday, lagging behind its peers in the market.

HCL Technologies, an Indian multinational IT services company, underperformed compared to its competitors on Friday, despite a slight gain in daily market value. Despite rising 0.19% to Rs 1,304.20, the stock failed to keep pace with its peers. The company’s growth was less impressive compared to its rivals, such as Tata Consultancy Services (TCS), who saw a 1.44% jump, and Infosys, which increased by 0.82%. The underperformance can be attributed to various factors, including concerns over the company’s revenue growth and valuation multiples. Additionally, investors may have been cautious given the company’s lower return on equity (ROE) compared to its peers. Despite this, HCL Technologies remains a strong performer in the Indian IT industry, with a long-term growth strategy and a strong focus on digital transformation. However, underperformance on a specific day may have led to some investors taking a step back and reassessing the company’s prospects.