Shares of HCL Technologies Ltd. fell nearly 10% on Tuesday despite the company meeting street expectations in its third quarter (Q3FY25) results. At 10:46 am, HCLTech’s shares were trading 9.02% lower at Rs 1,806.20 on the Bombay Stock Exchange (BSE). Earlier, its shares hit an intraday low of Rs 1,798.40. HCL Technologies Q3 results HCLTech … Read more
NEW DELHI: After surprised Street with a 5% quarter-on-quarter (QoQ) growth in constant currency terms, analysts see little downside in the IT stock given the recent correction and high dividend yield. Brokerages say the Q3 earnings were ahead of estimates led by higher-than-expected revenue growth in the software business. Strong revenue growth guidance of 16-16.5% … Read more
New Delhi: Brokerages retained their positive outlook on stock even as they slashed earnings estimates for the tech giant following its mixed bag show for the June 2022 quarter. Major international brokerages have cut their EPS estimates for the IT major thanks to the pressure on the margin front. However, their estimates suggest an up … Read more