Shares of IT major HCL Technologies plunged over 3% to Rs 1,568.75 on BSE Tuesday, with investors spooked by a brutal 170 basis points quarter-on-quarter margin compression and management’s decision to slash FY26 margin guidance by 100 basis points to 17-18%. Yet amid the carnage, global brokerage Jefferies stepped up with a contrarian upgrade to…
READ MOREBrokerage firms have differing views on key stocks. Motilal Oswal is positive on HCL Technologies, expecting significant growth. Synopsis Brokerage houses offer varied perspectives on key frontline stocks. Motilal Oswal is bullish on HCL Technologies, anticipating substantial growth, while remaining neutral on Axis Bank due to near-term earnings concerns. ICICI Securities advises caution on Tata…
READ MOREET Intelligence Group: HCL Technologies (HCL Tech) reported better revenue performance than Tata Consultancy Services (TCS) for the June quarter but its profitability suffered due to a delay in project ramp-up. TCS, on the other hand, expanded operating margin through cost control. However, an upward revision in the revenue guidance for FY26 implies that HCL…
READ MOREShares of HCL Technologies will be in focus on Friday after the IT major announced a partnership with US-based energy supply company Just Energy to enhance the latter’s operations and customer experience. Under the agreement, HCLTech will deliver digital process outsourcing solutions powered by its generative AI platform to streamline functions across IT, finance, analytics,…
READ MOREThe Indian market is likely to trade lower on Friday tracking muted global cues. The Nifty future closed negatively with losses of 1.20% at 24,909 levels on Thursday. India VIX rose more than 2% to close at 14.02 in the previous session. On the options front, the maximum Call OI is placed at 25,200 and…
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