HCL Technologies Results

HCLTech declared a dividend of Rs 18 per share, including a special Rs 6 per share dividend to commemorate 25 years since its public listing, marking its 88th consecutive quarter of dividend payouts

The company's management anticipates double-digit growth for the industry over the next five years, including for HCLTech.

HCLTech maintained revenue guidance for FY25 at 3-5%

Given the bottoming out of revenue growth rate, analysts expect the earnings per share (EPS) downgrade cycle to come to an end for the sector

At 10:00 AM, the stock was the top loser on 30-share Sensex. By comparison, S&P BSE Sensex was up 0.37 per cent at 74,002.66 levels

Key factors, analysts believe, would be deal pipeline, pricing scenario, and outlook on growth, operating margins and products and platforms (P&P) business

Looking ahead, based on the bookings and all the deals that the company has signed, the management expects very healthy growth in Q3 and Q4

CLOSING BELL: The S&P BSE Sensex was up 65 points, while the Nifty 50 added six points. Tata Motors, NTPC, Asian Paints, SBI and Bharti Airtel were the prominent gainers.

In Q3FY23, HCT Tech reported a consolidated net profit of Rs 4,096 crore, 19 per cent higher than the same quarter in FY22

CLOSING BELL: Within sectors, barring consumer durables, PSB and Metal indices on the Nifty logged in most gains, up over 1 per cent each, followed by IT and financial pockets

If Wipro fails to defend the 200-WMA placed at Rs 378, the stock can slide to near Rs 300-mark. On the other hand, HCL Technologies seems to be on course to test Rs 1,200.

In a Q&A, HCL Technologies CEO and MD C Vijayakumar, talks about growth momentum from its majority market the US and managing supply-side issues

HCL Tech had a total contract value (TCV) of new deals worth $2 billion, a growth of 23.4 per cent YoY

Top management, while reporting results for HCL Tech Q1FY23 on Tuesday, said attrition rate was "expected to remain high in coming months"

On the flipside, the company's Ebit margins are expected to decline by up to 108 bps to 16.9 per cent over the preceding quarter due to elevated attrition.

The company is expected to post a revenue growth of 2.9 per cent QoQ on a constant currency basis, brokerage firms predicted

On constant currency basis, revenue was up 7.6% sequentially, one of the best quarters in the last 12 years, said the IT firm

TCS, Infosys, L&T, Tech M, and HDFC Bank were the top gainers on the Sensex today.

HCL Technologies is scheduled to announce Q3 results on Friday, while HDFC Bank will report numbers on Saturday. Adani group stocks may be in focus on the back of MoU with POSCO.

The BSE m-cap stood at Rs 272.8 trillion by close