HCL Tech shares jump 1% as Q2 profit jumps 10.5% YoY. Brokerage firms raise target prices

HCL Tech shares jump 1% as Q2 profit jumps 10.5% YoY. Brokerage firms raise target prices

Shares of India’s third largest IT company HCL Technologies jumped 1.3% to its day’s high of Rs 1,880.65 on the BSE after reporting a 10.5% jump in its September quarter consolidated net profit to Rs 4,235 crore, up from Rs 3,832 reported by the company in the year-ago period. Following the quarterly results, various brokerage … Read more

Confident of meeting overall guidance of 3-5% constant currency growth for the year: HCL CEO

Confident of meeting overall guidance of 3-5% constant currency growth for the year: HCL CEO

C Vijayakumar, CEO & MD, and Prateek Aggarwal, CFO, HCL Tech, in conversation with ET Now. Vijayakumar says that in Q4, HCL did about $2.3 billion booking, in Q1, HCL did a $2 billion booking. They expect all the verticals and geographies, except financial services to sequentially grow in Q2. The CEO & MD is … Read more