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

BusinessDiwali Muhurat Trading 2025 On Oct 21st : NSE Announces New Timings from 1:45 pm-2:45 pm

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

International Realted Stories

International"Qatar now committed to a common vision," Israeli Envoy to India expresses hope of Peace in West Asia

InternationalLeaders of Europe, Middle East welcome Trump's plan to end conflict in Gaza

InternationalEnforced disappearances continue in Balochistan amid ongoing military raids

InternationalUK protesters stand in solidarity with PoJK's fight for civil rights

InternationalToddler 'Aryatara Shakya' is anointed as "Kumari" the Living goddess after undergoing ancient ritual