HCL Technologies share price fell nearly 3 percent intraday to Rs 1,296.95 ahead of the firm’s December quarter earnings announcement today.
Brokerages expect HCL Technologies to report four percent on-quarter growth in consolidated net profit at around Rs 3,400-3,500 crore. They see consolidated revenues growing five percent to around Rs 21,500-22,000 crore.
The company had registered a consolidated profit of Rs 3,977 crore on consolidated revenues of Rs 19,302 crore in the corresponding period of the previous financial year.
It had recorded a consolidated profit of Rs 3,264 crore on consolidated revenues of Rs 20,655 crore in the previous quarter of the current financial year.
At 09:27 hrs HCL Technologies was quoting at Rs 1,302.25, down Rs 31, or 2.33 percent, on the BSE.
The share touched a 52-week high of Rs 1,377 and a 52-week low of Rs 890 on 24 September and 24 February respectively.
Currently, it is trading 5.43 percent below its 52-week high and 46.32 percent above its 52-week low.