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HCL Tech share price: HCL Tech shares jump 3.5% on Q2 results. What should investors do now?

IT services company HCL Technologies on Thursday reported a 10% growth in its consolidated net profit at Rs 3,832 crore for the quarter ended September 2023. The same stood at Rs 3,489 crore in the last year period. Revenue from operations during the period rose 8% to Rs 26,672 crore as against Rs 24,686 crore in the corresponding quarter last year. ....

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HCL Tech tanks 3% post Q4 nos but brokerages remain bullish; here's why


Shares of HCL Technologies slipped over 3 per cent in Monday s intra-day session after the IT major s March quarter results for the financial year 2020-21 (FY21) missed Street estimates across the board.
Impacted by higher taxes and one-time bonus payment, the company on Friday reported a 6.1 per cent fall in its fourth-quarter net profit at Rs 2,962 crore. The profit was down 25.6 per cent on a sequential basis. The provision for tax nearly doubled sequentially in Q4 to Rs 1,191 crore.
The March quarter revenue, meanwhile, was at Rs 19,642 crore, up 1.8 per cent sequentially and up 5.7 per cent on a year-on-year (YoY) basis. The Noida-based company expects FY22 revenue to grow in double digits in constant currency and expects an Ebit (earnings before interest and tax) margin between 19.0 per cent and 21 per cent. ....

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