USD 2.3 bn worth new deals to bolster margins in next 2 quarters, says analyst - Buy on dips/Hold HCL Tech shares with 6-12-month view
Even as HCL Tech reported a below than expected July-September quarter earnings results, the view on this large cap IT stock is still positive for market expert Avinash Gorakshakar. The Director Research at Profitmart was bullish on this stock on the back strong order book
Even as HCL Technologies Limited has reported a below than expected July-September quarter earnings results, the view on this large cap IT stock is still positive for market expert Avinash Gorakshakar. The Director Research at Profitmart was bullish on this stock on the back strong order book.
Despite a hit on company’s margins during the quarter ended 30 September 2021, the new orders worth USD 2.38 billion augur well for it. It has recorded a growth of 38 per cent, he added.
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See Full Story HereFY 2022 Guidance
- Revenue expected to grow in double digits in constant currency for FY’22.
- EBIT margin expected to be between 19.0% and 21.0% for FY’22.
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