NSE:HCLTECH

5 stories mentioning NSE:HCLTECH

Every FINWIRES story that references NSE:HCLTECH, newest first.

Indian Equities Slip Wednesday as IT Stocks Tumble, Oil Prices Rise

Indian equities fell on Wednesday, as IT stocks lost steam, heightened tensions in the Middle East led to rising oil prices, and foreign institutional investor outflows weighed on sentiment.The BSE Sensex slipped 0.4%, or 303.67 points, to finish Wednesday's session at 74,346.17. Likewise, the NSE Nifty 50 tumbled 0.3%, or 77.95 points, to 23,405.60.Investor sentiment dampened as ongoing tensions between the U.S. and Iran led to an increase in oil prices, fueling energy-related pressures, according to a report by The Times of India.Additionally, many IT heavyweights, which had led Tuesday's rally, posted sharp declines.Among the top losers were Tata Consultancy Services (NSE:TCS, BOM:532540), Tech Mahindra (NSE:TECHM, BOM:532755), and HCL Technologies (NSE:HCLTECH, BOM:532281), which plunged over 8%, 6%, and 5%, respectively.Apollo Hospitals Enterprise (NSE:APOLLOHOSP, BOM:508869) led gainers for the day, posting a rise of nearly 3%. Tata Motors Passenger Vehicles (NSE:TMPV, BOM:500570) and InterGlobe Aviation (NSE:INDIGO, BOM:539448) were down around 2% each at the day's close.In corporate news, Bajel Projects (NSE:BAJEL, BOM:544042) bagged a mega engineering, procurement, and construction order for a GIS substation from a data center client in Mumbai. Shares closed 3% higher.Elsewhere, IndiGo, operated by InterGlobe Aviation, said it will discontinue flight operations to and from Manchester effective Aug. 31 amid prolonged airspace restrictions, longer flight times, and higher operating costs.

^BSENifty 50BOM:500570BOM:508869BOM:532281BOM:532540BOM:532755BOM:539448BOM:544042NSE:APOLLOHOSPNSE:BAJELNSE:HCLTECHNSE:INDIGONSE:TCSNSE:TECHMNSE:TMPV

Asia13d ago

Indian Equities Rise Tuesday Backed by IT Surge, Trade Talk Optimism

Indian equities rose on Tuesday, turning from four days of losses, supported by a robust end-of-day surge in major IT stocks and high hopes of successful U.S.-India trade negotiations.The BSE Sensex jumped 0.5%, or 382.5 points, to finish Tuesday's session at 74,649.84. Likewise, the NSE Nifty 50 climbed 0.4%, or 100.95 points, to 23,483.55.Investor sentiment improved on hopes of relief from US tariffs following talks between the two nations scheduled for June 2, 3, and 4, according to Business Standard.Additionally, IT heavy-weights led the day's gainers. Tata Consultancy Services (NSE:TCS, BOM:532540), Infosys (NSE:INFY, BOM:500209), and HCL Technologies (NSE:HCLTECH, BOM:532281) closed around 7%, 6%, and 4% higher on Tuesday.The top losers were NTPC (NSE:NTPC, BOM:532555), Axis Bank (NSE:AXISBANK, BOM:532215), and Power Grid Corporation of India (NSE:POWERGRID, BOM:532898), falling about 3%, 2%, and 1% at they day's close.In corporate news, Vedanta's (NSE:VEDL, BOM:500295) shares closed over 1% lower after India's financial investigation agency raided the mining company's premises over alleged foreign exchange violations.The searches were conducted to facilitate an investigation under the Foreign Exchange Management Act, First Post reported.

^BSENifty 50BOM:500209BOM:500295BOM:532215BOM:532281BOM:532540BOM:532555BOM:532898NSE:AXISBANKNSE:HCLTECHNSE:INFYNSE:NTPCNSE:POWERGRIDNSE:TCSNSE:VEDL

Research54d ago

JM Financial Downgrades HCL Technologies to Reduce from Add; Price Target is INR1,350

HCL Technologies (NSE:HCLTECH, BOM:532281) has an average rating of hold and mean price target of 1,505.68 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

BOM:532281NSE:HCLTECH

Asia54d ago

Indian Equities Fall Sharply on Wednesday as IT Sell-Off, Crude Oil Rebound Weigh

Indian benchmark indices ended lower on Wednesday as a sharp decline in technology stocks and higher crude oil prices pressured the market.The BSE Sensex fell 756.84 points, or 1%, to close at 78,516.49, while the NSE Nifty 50 dropped 198.50 points, or 0.8%, to settle at 24,378.10.There was broad-based selling in IT stocks, as weaker-than-expected earnings startled investors, triggering a sharp pullback across the sector.Sentiment also remained cautious as markets awaited clarity on the next steps in U.S.-Iran negotiations. The U.S. announced an extension of the ceasefire to allow further talks, but the move appeared unilateral, with no immediate confirmation from Iran or Israel.Among stocks, HCL Technologies (NSE:HCLTECH, BOM:532281) plummeted nearly 11% after its March quarter results, released post-market hours on Tuesday, missed estimates despite a rise in profit and revenue.Tech Mahindra (NSE:TECHM, BOM:532755) fell nearly 3% after reporting an increase in fiscal Q4 profit to 13.5 billion rupees from 11.7 billion rupees a year earlier, with revenue also rising.

^BSENifty 50BOM:532281BOM:532755NSE:HCLTECHNSE:TECHM

Asia54d ago

HCL Technologies' Profit Rises in Fiscal Q4

HCL Technologies' (NSE:HCLTECH, BOM:532281) attributable profit rose to 44.9 billion Indian rupees in the fiscal fourth quarter ended March 31, from 43.1 billion rupees a year ago.Earnings per share came in at 16.56 rupees from 15.88 rupees a year earlier, according to a Tuesday filing to the Indian stock exchanges by the technology services provider. The EPS was lower than the 17.35 rupees estimated by the analysts polled by Visible Alpha.Revenue from operations in fiscal Q4 also increased to 339.8 billion rupees from 302.5 billion rupees a year ago. This was also lower than Visible Alpha's estimate of 341.3 billion rupees.The company's board also declared an interim dividend of 24 rupees per equity share of 2 rupees each for the financial year 2026-27, to be paid on May 5.The record date to determine the eligible shareholders for the dividend has been fixed as April 25.

BOM:532281NSE:HCLTECH