HCL TECH DIVIDEND
Q1 results, FII action among 10 factors to impact D-Street mood this week
Nifty gained 1.2%, driven by IT, energy, and pharma stocks. U.S. labor data, TCS earnings, Rupee vs. Dollar, Bank Nifty, oil prices, FIIs, IPO action, and dividends will influence markets next week. Bulls maintain strength with positive sentiment and broader market participation, expecting some consolidation.
IT stocks: A comeback which just needs a bit more confirmation; 7 stocks with an upside potential of up to 23%
Just before the expiry of the June series contract, bulls were seen in a segment of the market which has been long ignored by them — IT stocks. Because the upward movement was taking place at the end of expiry, one could not rule out the element of short covering. If one looks a bit deeper in the trend in IT stocks, two things have become clear. That while the news and opinion has been negative, the price action has not been so bad as has been painted. Now let's look at what happened in the IT sector and why there could be a case for contrarian buying. Yes, the sector has some headwinds which not many had thought would appear two years back. But the bigger question is whether this phase of underperformance is about to get over or not. It might be time to shed the bias of negativity around large IT players.
Tech heavyweights drive Sensex over 150 points higher, Nifty above 23,600
Indian benchmark equity indices opened higher led by information technology stocks after U.S. IT firm Accenture forecasted annual revenue growth above expectations.
Sanjiv Bhasin on three IT stocks that may outperform in near term
It would be HCL Tech, Wipro and Mphasis. We participated in this sell-off in Mphasis because of Blackstone reducing its stake. We think Mphasis is one of the best poised companies in IT. By the way, a month back I had recommended Coforge when it went to 4400, 4500, 4600 just because they are raising their QIP.
Stocks in news: Honasa Consumer, ITC, IndiGo, Vodafone Idea, ZEE
Honasa Consumer, which owns and operates Mamaearth, on Thursday reported a net profit of Rs 30.4 crore for the fourth quarter ended March 2024.
Coal India, HCL Tech among top stocks with highest dividend yields
Dividend yield is a major factor to consider while investing in dividend-paying stocks. Religare Broking has filtered the top dividend-paying stocks based on their fundamental strength.
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HCL Tech among 8 stocks that will trade ex-dividend next week
Here's a look at top stocks that will trade ex-dividend next week. (Source: StockEdge)
HCL Tech shares fall 6% after Q4 results. Should you buy, sell or hold?
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 Q4 Results: PAT rises marginally to Rs 3,995 crore, misses estimates
HCL Tech' net profit was recorded at Rs 3,981 crore in the year-ago period.
Stocks in news: Bajaj Finance, Vedanta, Tech Mahindra, ICICI Sec, SBI Card, SBI Life
Metal major Vedanta on Thursday reported a net profit of Rs 1,369 crore for the March-ended quarter, down over 27% (YoY) compared to Rs 1,881 crore reported in the year-ago period. Consolidated revenue from operations for the quarter stood at Rs 34,937 crore, down 6% YoY over Rs 37,225 reported by the company in Q4FY23.
HCL Tech Q4 Preview: Revenue may rise, but PAT seen declining; all eyes on FY25 guidance
The IT major projected constant currency revenue growth of 5.0-5.5% in FY24, compared to 5-6% guided earlier. This includes revenue recognition from the recently acquired German automotive engineering solutions provider ASAP Holding.
Better option for uncertain times: Two unwanted sectors & 5 strong balance sheets
It is after a long period of time that both indices and market breadth are indicating that finally there is a correction. Now just because the market is correcting that does not mean that money is not going to come to markets. There are still lots of investors who would be sitting on cash and looking to deploy fresh money. The question is in current market conditions with headwinds getting added to already existing ones like high valuations, what strategy should an investor follow so that fresh money which he is putting in performs relatively better?
Sanjiv Bhasin is betting on 4 stocks in tech/EMS basket. Here’s why
Sanjiv Bhasin of IIFL Securities says he is bullish on HCL Tech, Wipro, Coforge, and Dixon in the IT sector. He believes Vodafone will survive and progress into 5G with capital infusion. Bhasin is positive on Grasim and Asian Paints. Indian IT companies are expected to perform well, including NVIDIA.
IT stocks at inflection point? Both FIIs, mutual funds up stake in Q3
FIIs and mutual funds increase their shareholding in IT stocks as growth momentum may bottom out, leading to a return to growth in CY24. MF holding in Tech Mahindra rises to 14.24% in Q4. FIIs and MFs raise stake in Wipro. FIIs show faith in HCL Technologies and LTI Mindtree. MFs pare stake in Infosys, while FII ownership increases. TCS sees no change in shareholding. BNP Paribas says revenue and margin of top IT companies exceed expectations. Companies' guidance and positive tilt indicate a recovery. Nifty IT index rallies in November, December, and January. BNP Paribas picks Infosys, TCS, and HCL Tech as preferred picks.
Nifty IT index stocks: Is the worst finally priced in?
One of the basic principles of figuring out whether the stock prices have bottomed out or have topped out is how they react to the negative and positive news. Now let's use the same thing on Infy, TCS and HCL tech Q3 results reaction. The companies which have seen muted growth and given similar guidance did not do something which was very different in Q3 results. No great expansion in margins nor any indication that tech spending is back in a major way. The only difference was the expectation of the street which has been extremely low. That is why the positive reaction was witnessed and that probably the worst of the slowdown has been priced in.
Sensex slides over 150 points on negative Asian cues; Nifty below 22,100
Indian equity indices opened lower due to the decline in Asian peers. The BSE Sensex and Nifty50 both traded in the red, dragged down by IT and energy stocks. HCL Tech, Wipro, NTPC, Tech Mahindra, and Infosys opened with cuts, while JSW Steel, Tata Steel, Bajaj Finance, HDFC Bank, and Bharti Airtel opened with gains. The Nifty IT index fell, led by HCL Tech and Wipro. Aster DM Healthcare shares rose 10% after announcing a dividend for shareholders. Jio Financial Services reported a decline in net profit, causing its shares to fall.
HCL Tech Q3 results better-than-expected; here are 6 major takeaways for Dalal Street
HCL Tech’s consolidated net profit rose 13.5% sequentially to Rs 4,350 crore in the December quarter, and revenue grew nearly 7% to Rs 28,446 crore.
HCL Tech to pay Rs 12/share interim dividend; sets record date
India's third-largest IT service provider HCL Tech reported a decent set of numbers as the consolidated net profit rose 13.5% sequentially to Rs 4,350 crore. The IT major's Board declared an interim dividend of Rs 12/share and fixed January 20 as the record date for the same. The payment date of the said interim dividend will be January 31.
HCL Tech Q3 Results: Net profit rises 6% YoY to Rs 4,350 crore, beats estimates
HCL Tech Q3 Results: IT major's revenue from operations also increased 6% in the said period to Rs 28,446 crore. The Board of Directors has declared an interim dividend of Rs 12 per equity share and fixed January 20 as the record date for the same.
Two Nifty stocks to trade ex-dividend this week. Do you own any?
The IT bellwether company has declared an equity dividend amounting to Rs 116 in the last one-year period, which results in a dividend yield of 3.21%. Apart from the dividend, the board has also approved to buyback shares worth Rs 17,000 crore at Rs 4,150 apiece.
HCL Tech Q2 Results: Profit rises 10% YoY to Rs 3,832 crore; revenue up 8%
The board has declared an interim dividend of Rs 12 per equity share for the financial year 2023-24. The record date has been fixed as October 20 and the payment will be done on October 31
Handsome payouts! Vedanta, ITC among 10 largecaps with dividend yields of up to 31%
Largecap stocks that pay high and frequent dividends reward investors with consistent payouts. They also come with less volatility compared with small and midcaps. Here are 10 such stocks with dividend yields up to 31% in the last 12 months. Source: Axis Securities.
HCL Tech announces interim dividend of Rs 10 per share, fixes July 20 as record date
In the last one-year period, HCL Tech has paid a dividend of 48 per share, which results in a dividend yield of 4.32%.
10 stocks that paid up to 5,000% dividend in FY23
High dividend-paying stocks are the most sought after on the Street as they reward investors with consistent payouts irrespective of the market sentiments. Here are 10 such stocks that have paid dividends up to a whopping 5,000% in FY23. Source: HDFC Securities.
HCL Tech, Sanofi India trade ex-dividend today
HCL Tech and Sanofi India's stocks are being watched as they trade ex-dividend. HCL Tech announced a dividend of Rs 18 per share, and the record date is April 28, with a subsequent payment date of May 9. For Q4 of the fiscal year 2022, HCL Technologies showed 11% growth YoY with a net profit of Rs 3,983 crore. Meanwhile, Sanofi India declared a final dividend of Rs 194 per share and a second special dividend of Rs 183 per share for the fiscal year ended December 31, 2022.
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