HCL Tech Q1 preview: Most analysts expect a contraction in HCL Tech's margin, hurt by wage hikes in Q4 and investment in geo & sales expansion.
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Strong deal pipeline is keeping analysts bullish; 41 out of 45 have a 'buy' rating
Dollar revenues stood at $2,507 million, a 4.5 per cent rise in constant currency terms over the previous quarter
The stock has outperformed the market by surging 81 per cent in the past six months, against 31 per cent rise in the S&P BSE Sensex
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The company has also declared an interim dividend of Rs 2 for the financial year 2020-21
For the full year, its loss stood at Rs 136.33 crore, while revenue was at Rs 1,815.17 crore in FY20, the company added in a statement
Brokerages believe correction offers attractive entry point