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HCL Tech Plunges Over 6% As Q3 Net Profit Falls

Shares of India's HCL Technologies Ltd fell as much as 6.2% on Monday and were on track for their worst session since March 2020, as investors were disappointed by the company's margin outlook after wage hikes dented December-quarter results.

HCL Tech Q3 results: Net profit falls 13% to Rs 3,442 cr, board approves dividend of Rs 10

The IT major's revenue rose 15.7% YoY to Rs 22,331 crore in the said quarter as against Rs 19,302 in the same quarter last fiscal.

HCL Tech acquires Hungarian data engineering services firm Starschema for $42 5 mm

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