Hcl Tech News Today

Indian benchmark indices opened higher. HUL, Nestle India, Godrej Consumer Products surged, while Lupin declined. Nifty FMCG, Marico, Dabur, Financial Services, PSU Bank, Consumer Durables, Oil & Gas gained. Global markets rise, oil prices up, rupee strengthens.

Sensex, Nifty crash: Investor wealth shrinked by Rs 5.49 lakh crore to Rs 397.90 lakh crore compared with a valuation of Rs 403.39 lakh crore recorded in the previous session.

The tie-up will see the firms help develop GenAI-led use cases, proofs of concept, tools and solutions, HCLTech has said

Infosys, TCS and HCL Tech remain top picks of brokerage firm Kotak Institutional Equities followed by Cyient in the mid-tier segment amid an extended outlook for weak demand and macro uncertainty in the IT sector.

Job losses at IT companies have been attributed to a slowdown in spending by their customers. But there are also longer-term structural reasons, such as the adoption of Generative AI

The stock declined 6.10 per cent to Rs 1,382.45 on the BSE. On the NSE, it tanked 6.22 per cent to Rs 1,382.10. The stock emerged as the biggest laggard among the BSE Sensex and NSE Nifty firms.

HCL Technologies shares dropped 6% after reporting Q4FY24 results. Various brokerages offered different perspectives, with targets ranging from Rs 1,300 to Rs 1,700. The companys performance and guidance for FY25 were key points of analysis.

Minority shareholders of ICICI Securities led by Bengaluru-based investment manager Manu Rishi Guptha have filed a class action suit with National Company Law Tribunal (NCLT) against ICICI Banks bid to delist its broking arm from the Indian bourses.

Vijayakumar told PTI in an interview that HCL Technologies (HCLTech) is keen on acquisitions in areas of semiconductor, automotive, and of platforms that drive strong annuity revenues or geographies such as Japan.

Revenue guidance for the current financial year disappointing because of a few one-offs