Deal wins hint at healthy FY22 for HCL Tech
HCL Tech bagged a record $3.1 billion worth of new deals in the March quarter, a 49 per cent year-on-year increase.
Synopsis
The country’s third-largest software exporter also increased the quarterly dividend payout for the second time in a year while declaring a one-time special dividend.
ET INTELLIGENCE GROUP: HCL Technologies reported a strong and sustained trend in new order wins for the March quarter and added record number of employees amid decelerating attrition rate.
The country’s third-largest software exporter also increased the quarterly dividend payout for the second time in a year while declaring a one-time special dividend. These factors should support the stock in the medium term even though the company’s net
: Friday, April 23, 2021, 3:59 PM IST
TCS, Infosys and Wipro are the top three most-valued Indian IT firms; HCL Tech is fourth
Wipro logo
On Friday, Wipro regained the position as India s third most-valued information technology (IT) company, surpassing HCL Technologies. Wiproâs market capitalisation is Rs 2.60 trillion, which is around Rs 1 trillion more than HCL Technologies.
At 3.24 pm, Wiproâs stocks were traded at Rs 475.05 per piece, down by 2.38 per cent during the day. In the case of HCL Technologies, it was trading at Rs 955.90 per share, a decline of 0.55 per cent, according to BSE.
Yesterday, Wipro touched an all-time high of Rs 494.50 per share.Today (April 23), the share of the company touched a high of Rs 487.35 per piece and traded at a low of Rs 474.40 per piece. Last week, Wipro reported its quarterly results.The consolidated net profit was up by 28 per cent at Rs 2,972 crore for the March 2021 quarter, and exuded confidence of sustaining strong growt
IT firm HCL Technologies on Friday posted a 6.1 per cent dip in consolidated net profit to Rs 2,962 crore for the March quarter. The Noida-headquartered firm has also announced a special interim dividend of Rs 10 per share to mark the USD 10 billion annual revenue milestone. The IT major had registered a net profit of Rs 3,154 crore in the January-March 2020 quarter, HCL said in a regulatory filing. Including the impact of a one-time milestone bonus, the company s net profit for March 2021 quarter was at Rs 2,387 crore. Its revenue grew 5.7 per cent to Rs 19,642 crore in the quarter under review, from Rs 18,590 crore in the corresponding quarter last year, as per US GAAP.
HCL Tech share trading flat ahead of Q4 earnings, here s what to expect
At 12: 30 pm, the share of IT services firm rose 0.44% to Rs 965.40 on BSE
BusinessToday.In | April 23, 2021 | Updated 12:51 IST
HCL Tech share has gained after three days of consecutive fall.
HCL Tech share was trading flat ahead of the IT firm s Q4 earnings scheduled to be announced today. At 12: 30 pm, the share of IT services firm rose 0.44% to Rs 965.40 on BSE.
The IT services stock has gained after three days of consecutive fall. HCL Tech share trades higher than 100 day and 200 day moving averages but lower than 5 day, 20 day and 50 day moving averages. The stock has gained 103% in one year and risen 2.76% since the beginning of this year. Market cap of the firm rose to Rs 2.61 lakh crore.
Explore Now
Nifty futures on the Singapore Exchange traded 82 points, or 0.57 per cent, higher at 14,320 in signs that Dalal Street was headed for a negative start on Friday. Here are a few stocks which may buzz the most in today s trade:
HCL Tech,
Indiabulls Real Estate: HCL Tech, M&M Financial, Indiabulls Real Estate, Shiva Cement, GNA Axles and Oriental Hotels are some of the companies which will announce their March quarter results today.
Reliance Industries: RIL, through an international arm, is finalising the acquisition of Stoke Park, Britain’s first County Club, from the International Group (IG), owned by the King family, a second-generation UK family business, for around 60 million pounds (Rs 600 cr), they add.