
HCLTech signs $2.1-billion deal with Verizon; stock rises
Shares of HCLTech rose as much as 4% in opening trade to ₹1,186.70 apiece on the BSE.
Shares of HCLTech rose as much as 4% in opening trade to ₹1,186.70 apiece on the BSE.
ASAP focuses on future-oriented automotive technologies in areas such as autonomous driving, e-mobility and connectivity.
HCLTech has retained FY24 revenue guidance at 6-8% in constant currency, while services revenue growth is expected to be between 6.5%-8.5%; announces dividend payout of ₹10 apiece
The IT heavyweights are expected to report weak earnings in June quarter with flattish sequential growth in CC terms due to soft demand outlook with limited large deal ramp ups.
The brokerage expects most IT services firms to miss current expectations and placed Infosys, TCS and MphasiS on negative catalyst watch
HCL Tech shares climbed over 3% in early trade, whereas TCS, Infosys, and Wipro gained nearly 1% on the BSE.
The BSE IT index witnessed broad-based selling, with most of sectoral heavyweights such as TCS, Wipro, HCL Tech, and LTIMindtree reeling under selling pressure.
Credited with many firsts, he transformed HCL Tech into India's third-largest IT services firm.
Falguni Nayar of Nykaa is 2nd richest, with net worth of ₹57,520 cr; she’s also India's richest self-made woman, shows 'Leading Wealthy Women 2021' report by Hurun India, Kotak Private Banking
Reacting to Q1 results, HCL Technologies share price declined as much as 2.46% to touch a 52-week low of ₹905.2 on the BSE.