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.
HCL Tech s leadership foresees strong growth momentum post Q4, with FY25 challenges mirroring FY24. Emphasis on deal impacts, margin strategies, and transparency in deal metrics for sustained growth. Prateek Aggaewal says: " 18-19% margin band has been very steady over the last three years. In FY23, we had given the same guidance; FY24 was the same guidance, and we delivered in the 18.2% for both those years as well and we are just carrying that forward."
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.
Q4 earnings preview: Infosys and Wipro should see flat revenues, while TCS is expected to outperform others with 2.2 per cent QoQ CC, driven by the scaling up of the BSNL business, Motilal Oswal said.