HCL TECH NEWS
HCL Tech Q1 Results: Cons PAT jumps 20% YoY to Rs 4,257 crore, beats estimates
HCL Tech Q1 Results: Profit rose 7% from the previous quarter, while revenue dipped 1.5%. Constant currency revenue increased 6% year-on-year but fell 1.6% quarter-on-quarter. EBIT increased 7% year-on-year to Rs 4,795 crore but decreased 4% quarter-on-quarter.
HCL Tech Q1 Results: Management briefs on FY25 Q1 performance | LIVE
HCL Technologies, one of India's largest IT companies, is anticipated to announce a 6% year-on-year increase in net profit for the quarter ending June 30, 2024, amounting to Rs 3,745 crore, based on average estimates from four brokerages.HCL Tech Q1 Results: Management briefs on FY...
TCS Q1 beat fuels market rally, lifts Sensex, Nifty and m-cap to new records
The market capitalization of all BSE-listed companies reached a record high, increasing by Rs 1.18 lakh crore to Rs 452.36 lakh crore. TCS, India's leading IT services company, saw a 6.7% rise after surpassing revenue expectations. This surge contributed to a 4.25% increase in the US rate-sensitive IT index.
TCS, Infy power D-Street to fresh record highs! Sensex soars 900 points, Nifty tops 24,500 for the first time
Indian markets rose Friday, led by TCS's strong June quarter. Sensex climbed 281 points, Nifty50 up 93 points. Stocks like TCS, Infosys, and Adani Ports surged. Maruti fell. US inflation data raised September Fed rate cut chances, noted by CME FedWatch. RBI's Das predicted 5% retail inflation. Powell's testimony hinted at possible rate cuts.
Stocks in news: TCS, HCL Tech, Anand Rathi Wealth, Prestige Estates, RIL
Domestic markets closed steady with focus on TCS, HCL Tech, Anand Rathi Wealth, and others for their first quarter results. Companies like RIL's Ethane Crystal LLC and Prestige Estates face challenges. GTPL Hathway shows growth in revenue. Oriental Rail Infra secures a significant order from Indian Railways. Adani Wilmar expands stake in OCIPL.
Sensex, Nifty rise at open tracking positive cues from Asian peers
By 9:17 am, Indian benchmark indices saw gains with Sensex at 78,129 and Nifty50 at 24,384. Market rises were led by TCS, ICICI Bank, Infosys, Tata Steel, Titan, SBI, and HCL Tech. In contrast, HDFC Bank, Ultratech Cement, Power Grid, M&M, and Nestle India experienced declines. TCS is set to report June-quarter earnings today.
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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.
D-St record run continues! Sensex rallies 300 pts; Nifty tops 24,300 as IT, banks lead charge
From the Sensex pack, ICICI Bank, HCL Tech, and M&M opened up to 1.5% higher while HDFC Bank, HUL and IndusInd Bank opened lower by up to 1.3%.
Buy HCL Technologies, target price Rs 1750: BNP Paribas Securities
HCL Technologies Ltd., incorporated in the year 1991, is a Large Cap company (having a market cap of Rs 401839.53 Crore) operating in IT Software sector.
Stocks in news: HCL Tech, Polycab, SAMHI Hotels, Archean Chemical, Ambuja Cement
Sagar Cements re-appointed S Anand Reddy as Managing Director and S Sreekanth Reddy as Joint Managing Director of the company for a period of three 3 years.
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.
Is it a case of ‘no bad news is good news’ for IT companies now? Rahul Jain answers
Rahul Jain of Dolat Capital says that the guidance for the current fiscal has been very weak in the case of the IT companies that give explicit numbers, be it Infosys or HCL Tech. And if they do not surprise positively during the earnings season, all the momentum can gradually fizzle out.
Sensex, Nifty off to a muted start tracking Asian peers
The BSE Sensex was trading 64 points, or 0.08%, higher at 77,454. The Nifty50 was up 4 points, or 0.02%, trading at 23,520 around 9:27 am.
Hot Stocks: Brokerage view on Ambuja Cement, HAL, HCL Tech.; Investec upgrades Vedanta
Investec upgraded Vedanta to a Hold rating, JPMorgan maintained its Buy stance on HAL, Jefferies retained a Hold rating on HCL Technologies, and Macquarie recommended a Neutral rating on Ambuja Cement.
Nifty hits fresh record high, Sensex soars 500 pts on gains in IT stocks; Fed outcome in focus
Indian shares kicked off Wednesday's trading session on a positive note, driven primarily by gains in IT stocks. The market anticipates the release of a crucial U.S. inflation report and the Federal Reserve's policy decision, both of which are likely to impact near-term interest rate trends.
Buy HCL Technologies, target price Rs 1650: HDFC Securities
HCL Technologies Ltd., incorporated in the year 1991, is a Large Cap company (having a market cap of Rs 385001.24 Crore) operating in IT Software sector.
Good time to take some money off the table; wait for next major event: Sanjiv Bhasin
Grasim seems very sweet over there. Our top pick continue to be some of the insurance companies, HDFC Life had a smart comeback. I think that there is a block deal in Mphasis, do not miss out on that because I think Mphasis as a stock on the barometer of a midcap can be an outperformer from here, I would say something closer to 3000.
Sensex rises for 2nd session, settles 692 points higher, Nifty tops 22,800
Tech stocks led the rally with Narendra Modi set to return to power for a third straight term after two key allies pledged support to form a new government. Top Sensex gainers included Tech Mahindra, HCL Tech, SBI, NTPC, and Infosys which rose 3-4%. HUL, Asian Paints, M&M and Nestle India settled with cuts.
Top 10 stocks where MFs, PMS, ULIP, and AIF decreased exposure in April
We considered the top 10 stocks where MFs, PMS, ULIPs, and AIFs decreased their exposure in April. Here's the list, according to the data by Finalyca.
Hot Stocks: Brokerages view on JB Pharma, BHEL, Hitachi Energy and HCL Tech
Brokerage companies like Bernstein upheld a Market Perform assessment for HCL Technologies, Nuvama endorsed a buy evaluation for BHEL, Jefferies suggested a buy stance on JB Pharma, and Goldman Sachs issued a buy rating for Hitachi Energy.
Sensex opens marginally higher tracking postive global cues; Nifty above 22,450
Indian benchmark indices opened higher. HUL, Nestle India, Godrej Consumer Products surged, while Lupin declined. Nifty FMCG, Marico, Dabur, Financial Services, PSU Bank, Consumer Durables, Oil & Gas gained. Global markets rise, oil prices up, rupee strengthens.
IT stocks' valuation palatable, says Kotak Equities. Check top 4 picks
Infosys, TCS and HCL Tech remain top picks of brokerage firm Kotak Institutional Equities followed by Cyient in the mid-tier segment amid an extended outlook for weak demand and macro uncertainty in the IT sector.
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.
Buy HCL Technologies, target price Rs 1700: Motilal Oswal
HCL Technologies Ltd., incorporated in the year 1991, is a Large Cap company (having a market cap of Rs 399532.91 Crore) operating in IT Software sector.
Stocks in news: ICICI Securities, ICICI Bank, YES Bank, Ultratech Cement, HCL Tech
Minority shareholders of ICICI Securities led by Bengaluru-based investment manager Manu Rishi Guptha have filed a class action suit with National Company Law Tribunal (NCLT) against ICICI Bank's bid to delist its broking arm from the Indian bourses.
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.
Add long positions on Monday on dips: Anand James, Geojit Financial Services
“We will look to add longs on Monday, on dips, which should not exceed 22045, while a direct fall below 21975 will re-activate bearish moves, this time aiming for 21500,” says Anand James, Chief Market Strategist, Geojit Financial Services.
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