‘Small warnings have started’: Why HCL Tech shares slumped 7% today
2 years ago

‘Small warnings have started’: Why HCL Tech shares slumped 7% today

Live Mint  

Shares of HCL Tech today slumped 7% to ₹1,028 on BSE after its management indicated FY23 growth to be at the lower end of the 13.5% to 14.5% band. You will get them cheaper over the next 6 months.” Infosys, Wipro and Tech Mahindra shares also struggled today, down between 1% and 3%. HCL Tech had in October raised its revenue growth forecast to 13.5%-14.5% from 12%-14%, on a constant currency basis, citing strong order bookings and pipeline. India's IT services industry was one of the top benefactors during the pandemic as several businesses rushed towards digitising infrastructures and adopted remote or hybrid working policies.

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History of this topic

HCL Tech Stake Sale: 1.24 Crore Equity Shares Worth Rs 1,788 Crores Sold Via Block Deals
5 months, 3 weeks ago

HCL Tech Stake Sale: 1.24 Crore Equity Shares Worth Rs 1,788 Crores Sold Via Block Deals

News 18  

HCL Technologies shares in Friday’s trade fell nearly 1 per cent to day’s low price of Rs 1,445.45 as in the pre-opening block deal window 1.24 crore shares of the tech giant changed hands in multiple transactions. The block deal saw 0.45 percent equity stake in HCL Technologies changing hands at Rs 1,440.5 per share, reported CNBC TV18. This week, …

Buy TCS, Infosys; Sell Wipro, Tech Mahindra: Goldman Sachs recommends
1 year, 3 months ago

Buy TCS, Infosys; Sell Wipro, Tech Mahindra: Goldman Sachs recommends

Live Mint  

Goldman Sachs has initiated coverage on six Indian Information Technology services companies and expects the sector to see growth amid tailwinds from Generative AI and pent-up demand. While our overall sector revenue growth is in line with consensus, we see company specific divergence, and are ahead of consensus on Infosys and TCS,” Goldman Sachs said in a note. TCS is …

Markets tumble in early trade; Infosys falls nearly 8% after company slashes FY-24 growth
1 year, 5 months ago

Markets tumble in early trade; Infosys falls nearly 8% after company slashes FY-24 growth

The Hindu  

Equity benchmark indices tumbled in early trade on July 21 after a non-stop record-breaking rally, dragged down by IT behemoth Infosys after the company slashed its FY24 growth outlook. After a record-breaking rally for the past many days, the 30-share BSE Sensex tumbled 749.75 points to 66,822.15 in early trade. From the Sensex pack, Infosys tanked nearly 8% after the …

HCL Tech’s Q4 earnings in line with estimates. Here’s how stock may react
1 year, 8 months ago

HCL Tech’s Q4 earnings in line with estimates. Here’s how stock may react

Live Mint  

HCL Tech's fourth-quarter earnings are broadly in line with estimates. Overall, HCL Tech's Q4 results are not seen as a shocker and hence the market is expected to be appreciative of the stock price. In Q4FY23, HCL Tech's consolidated PAT stood at ₹3,983 crore up by 10.85% YoY but down by 2.8% QoQ. Veer Trivedi, Research Analyst, SAMCO Securities said, …

Infosys Shares Near 52-Week Low, Plummets 12% in a Month; What Do Analysts Say?
1 year, 9 months ago

Infosys Shares Near 52-Week Low, Plummets 12% in a Month; What Do Analysts Say?

News 18  

Shares of Infosys were down as much as 1.3 per cent on Thursday. The stock is down in 12 of the last 13 sessions and is just 1.5 per cent away from its 52-week low of Rs 1,355.50, which it fell to in September last year. In the past one month, Infosys has underperformed the market by falling 12 per …

Markets rally after 3-day decline on firm global equities; HCL Technologies, IndusInd Bank emerge as winners
1 year, 11 months ago

Markets rally after 3-day decline on firm global equities; HCL Technologies, IndusInd Bank emerge as winners

India TV News  

Equity benchmarks ended over 1 per cent higher on Monday amid positive trends in global markets and buying in Reliance Industries and IT counters. From the Sensex pack, Mahindra & Mahindra, HCL Technologies, IndusInd Bank, Tata Consultancy Services, Bharti Airtel, Tech Mahindra, Wipro, Infosys, Reliance Industries and Axis Bank were the major winners. "These gains were also absorbed by the …

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