Shares of HCL are slipping. Know why
Advertisement
Advertisement
Futures of HCL Tech said its fourth quarter consolidated net profit rose 5 percent to 1,783 crore rupees compared with 1,683 crore rupees in the third quarter, sequentially. Sales during April-June gained 5.5 percent to 9,777 crore rupees from 9,267 crore rupees during January-March.
HCL Tech said its Infrastructural revenue exceed $2 billion in sales; Financial Services revenue topped $1.5 billion on an annual basis. It added 1 client in USD 100 million+ category, 5 Clients in $40 million+ space thanks to increased momentum in large deal signings in Engineering and R&D Services.
HCL Tech fell 4.2 percent, or 42 rupees, to 956 rupees on the National Stock Exchange, where 9.24 lakh shares were traded in the first hour of trade compared with the 5-day average of 15.7 lakhs.
HCL Tech's market capitalisation has risen 27 percent over the past one year to 1.40 lakh crore rupees as investors lapped up growing overseas demand for India's cutting edge software services.
Advertisement
Image credit: Indiatimes
Advertisement
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- FSSAI in process of collecting pan-India samples of Nestle's Cerelac baby cereals: CEO
- Unemployment among Indian youth is high, but it is transient: RBI MPC member
- Private Equity Investments
- Having an regional accent can be bad for your interviews, especially an Indian one: study
- Dirty laundry? Major clothing companies like Zara and H&M under scrutiny for allegedly fuelling deforestation in Brazil
- 5 Best places to visit near Darjeeling