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.
Maruti Suzuki India, HCL Technologies, Bajaj Finserv, SBI Life Insurance Company and Shriram Finance would be announcing their quarterly earnings later today.
Cons revenue is expected to rise 0.5% sequentially and 7.5% YoY to Rs 28,599 crore, according to the average of estimates of 10 brokerages. Cons net profit is likely to fall 6% sequentially but rise by 2.8% YoY to Rs 4,094 crore.