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The Relative Strength Index of the stock stood at 66.06 on Tuesday.

​​Consolidated revenue from operations for the quarter stood at Rs 11,932 crore, reflecting a 16% rise compared to Rs 10,312 crore in the corresponding quarter of the previous financial year. Sequentially, the profit after tax (PAT) for the reported quarter was down 3.4% against Rs 2,011 crore reported in the January-March quarter.

The stock quoted a 52-week high price of Rs 979.8 and a 52-week low of Rs 509.05.

A total of 7,779 shares changed hands on the counter till 02:00PM (IST)

​You will always make large amounts of money in the market at all price points and you will make even larger amounts of money at all price points in midcap and smallcap stocks.

​So, at this point in time I do not know whether there is much scope of earnings upgrades. Also, keep in mind the fact that in the last few quarters, a lot of earnings growth has come from positive surprises or increase in profitability and margins, not so much as volume growth. And fortunately, in some sectors, we are still not seeing really meaningful signs of volume recovery.

The stock quoted a 52-week high of Rs 6442.65 and a 52-week low of Rs 4518.35.

​Finance Minister Nirmala Sitharaman will present the 2024 Budget on July 23, following anticipation since February. ETMarket reviews how Sensex, Midcap, Smallcap, and PSU sectors have historically performed in the week before past Budgets.

Valuation-wise there is not much of a scope in HCL Tech. At 25 times 25 earnings, the best-case earning growth that one is looking at is 7- 8%. So, there is a certain degree of interest but it is not as if things are going to be great in terms of earnings growth. Hemang Hani preferred TCS and some of the midcap companies on meaningful corrections.

The Relative Strength Index of the stock stood at 53.75 on Tuesday.