HCL Share Price

HCL Tech's management also hinted that price increases are now more selective than what they were six to nine months ago.

Another note from Credit Suisse warns of HCL Tech to be the worst hit as the Indian IT companies are at a high risk for revenue cut in financial year 2024. HCL Tech's management also hinted that price increases are now more selective than what they were six to nine months ago. Shares of the technology major HCL Technologies Ltd.

HCL Technologies Share News: इस Weakness के चलते क्या इस Stock में निवेश करना होगा सही? Expert से जानें क्या ...

"With macro conditions deteriorating, positive news on this front is highly unlikely, we believe. HCL Tech also highlighted that there is greater level of ...

[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). The bookings trend will likely be robust for the December 2022 quarter and reasonably healthy in 2HFY23, it said. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. Kotak Institutional Equities, which has maintained a buy on the stock with an unchanged fair value of Rs 1,250, said HCL's large deal engine is firing well with more opportunities, given the rising trend in vendor consolidation and cost efficiency focused deals. "The margin profile can improve further with the easing of talent related headwinds. HCL management also hinted that price increases are more selective now than they were 6-9 months back.

At its investor meeting held in New York on December 8, the management said the revenue growth guidance for FY23 is likely to come in at the lower end of ...

The Nifty50 index, meanwhile, added 2.4 per cent and 4.5 per cent during the period. Overall, we expect US dollar revenue growth to slow down from 12.7 per cent in FY23 to 8 per cent in FY24 for our coverage universe," it said. [Indian IT](/topic/indian-it) services companies, the pain is likely to be more pronounced in interest rate-sensitive sectors like mortgage, capital [markets](/markets) in the BFSI vertical, discretionary retail, and pockets of manufacturing verticals. We also believe that instead of a typical budget flush (because of a spend-it-or-lose-it condition), there is likely under-spending of budgets that could affect December, 2022, quarter revenue," the brokerage said. Analysts at global brokerage Nomura, too, believe tech budgets are linked to revenue growth of enterprises, indicating further slowdown in demand in the coming quarters. [HCL Tech](/topic/hcl-tech) management commentary also highlighted another problem that we foresee in FY24 – pricing.

HCL Technologies Share Price: Shares of HCL Tech fell 7 per cent to Rs 1028 on BSE on Friday. Infosys, Wipro, and Tech Mahindra shares also struggled today, ...

The stock which is the biggest index loser was quoting at Rs 1043.20, lower by 5.27 per cent on the National Stock Exchange at 9:30 am. This may weigh on the Q4 revenue growth trajectory." “We believe that instead of a typical budget flush, there is likely under-spending of budgets that could affect Dec 2022 quarter revenue,” added Nirmal Bang. HCL Technologies Share Price: Shares of HCL Tech fell 7 per cent to Rs 1,028 on BSE on Friday after its management indicated FY23 growth to be at the lower end of the 13.5 per cent to 14.5 per cent band. We had certain assumptions which helped us to devise 16-17 per cent services growth. Chief executive officer C Vijayakumar at company’s investor day said: “In October, we had increased our guidance from 13.5 per cent to 14.5 per cent.

HCL Technologies shares were down nearly 7 per cent on the NSE and were trading at Rs 1025.95 around 12:35 pm while Infosys was the other biggest loser ...

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