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Credit Suisse on HCL Technologies: Research house maintained outperform call on the stock with a target at Rs 1,310 per share. The earnings upgrades are in-line with peers, while valuations is much lower, it added.

The company is trading at a 40% discount to TCS versus long-term average discount of 25 percent. The improving business fundamentals with reasonable valuations offer attractive risk reward, it added further.