HCL Tech shares decline ahead of Q1 results

HCL Tech Q1 result date: HCL Technologies shares are in focus on Wednesday as investors await the Noida-headquartered IT services company to report its financial results for the April-June period (Q1FY24) later in the day. Tata Consultancy Services (TCS), India's biggest IT services company by market value, will kick off the corporate earnings season, by reporting its financial results for the three-month period. 

HCL Tech share price NSE

The stock opened at Rs 1,119.7 and declined as much as over 1 per cent to touch the day's low of Rs 1,102.45 from the previous close of Rs 1,106.3 on NSE. The stock finished at Rs 1,106.4 apiece, down by Rs 8.5 or .76 per cent on NSE in the early morning deals.

HCL Tech Q1 preview: What to expect in HCL Tech Q1 results?

HCL Tech is expected to post a consolidated revenue of Rs 26,750 crore, which translates to an increase of 0.5 per cent on a sequential basis, according to Zee Business research. 
Its revenue in dollar terms is pegged at $325 crore, up 0.5 per cent on a quarter-on-quarter (QoQ) basis, according to the analysts.  The company's revenue in constant currency (CC) terms is estimated to increase by 0.1 per cent sequentially. Read more

HCL Tech share price history

HCL Tech shares have grown over 2.5 per cent in the past three months, in line with a 2.3 per cent gain in the Nifty IT index. The headline NIfty index has risen nearly 10 per cent during this period.

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