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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 company's 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 Bank's 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