City
Epaper

HCL Technologies shares down 6% on low profits in Q3FY22

By IANS | Updated: January 17, 2022 17:45 IST

New Delhi, Jan 17 Shares of HCL Technologies fell over 6 per cent intraday on Monday after the ...

Open in App

New Delhi, Jan 17 Shares of HCL Technologies fell over 6 per cent intraday on Monday after the technology consulting firm reported a decline in profits during the third quarter of FY22.

During the quarter, the firm reported 13.6 per cent fall in net profit at Rs 3,442 crore.

Besides, it maintained its revenue guidance at double-digit growth for FY22, and reportedly declared a dividend of Rs 10 per share for the third quarter.

After paring some intraday losses, the shares settled at Rs 1,260, down 5.7 per cent from its previous close.

Nifty IT index too fell a tad during the session, NSE data showed.

However, brokerages maintained a positive outlook on the technology company on potential growth acceleration going forward.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Hcl Technologiesnse
Open in App

Related Stories

BusinessStock Market Holiday: NSE, BSE To Remain Closed On November 20th For Maharashtra Election 2024

BusinessStock Markets Closed Today: NSE and BSE to Remain Non-Operative for Diwali 2024

BusinessShare Market Update: Indian Stock Market Sees Sharp Decline Investors Lose 10 Lakh Crore

MaharashtraNagpur Shocker: 40-Year Old HCL Technologies Employee Dies Of Sudden Cardiac Arrest in Office Washroom

NationalStock Market Open On Saturday: NSE To Conduct Mock Trading Session Today; Can Investors Buy or Sell Shares?

International Realted Stories

InternationalPM Modi meets 'friend' French President Macron at G7 Summit

InternationalPM Modi meets UK counterpart Starmer at G7 Summit, says 'will keep working together' to strengthen ties

International"We will show Zionists no mercy": Iran's supreme leader Khamenei warns Israel

International"India, Japan committed to deepening ties across sectors," says PM Narendra Modi after talks with Japanese PM Shigeru Ishiba at G7 summit

InternationalG7 leaders pledge joint action to tackle migrant smuggling