Sarvam AI Deal Boosts HCL Tech Stock 3%; Nomura Targets 39% Upside

HCL Technologies' shares rose about 3% after announcing a deal with Sarvam AI. Nomura upgraded its rating on HCL Tech, recommending a buy. The broker projected a potential 39% upside for the stock. Nomura highlighted the deal as a catalyst for growth. The market reaction suggests investor optimism about the collaboration. The news was covered by Business Standard. Future performance will depend on execution of the Sarvam AI partnership. Analysts will monitor how the deal influences HCL's market position.