New Delhi, Aug. 27 -- Sumeet Bagadia, Executive Director at Choice Broking, has recommended investors to buy HCL Tech stock for medium-term.

The market expert suggested investors to buy the IT stock at Rs.1507 and adding on dips towards Rs.1480.

"Based on this technical structure, we recommend initiating a buy position in the stock at the current market price of 1507 and adding on dips towards 1480. On the downside, 1380 would act as a strong support zone, and a breach of this level could temporarily challenge the positive structure, warranting a cautious approach," Bagadia said.

He further said that HCL Technologies has shown signs of stabilization after an extended correction phase, currently trading around 1507.

"The stock is conso...