Stocks of HDFC Bank, HCL Technologies are likely to react to their earnings this morning, while L&T Infotech, UltraTech Cement and Tata Coffee among others to remain in focus ahead of results today
Overall growth is likely to remain strong
HCL said its Q2 revenue was Rs 20,655 crore, up 2.9 per cent sequentially, and 11.1 per cent year-on-year
Programme will include 3,000 senior leaders, is expected to help employee retention as tech industry sees high attrition and talent crunch
Consolidated revenue rose 11% to Rs 20,655 cr
The BSE m-cap stood at Rs 272.8 trillion by close
Most analysts eye a double-digit revenue growth for HCL Technologies between 12 and 13 per cent year-on-year for the second quarter of the financial year 2021-22
The Nifty IT index surged over 2 per cent in early trade on Friday as against a 0.48 per cent rise in the benchmark Nifty50 index
HCL Tech announced a five-year digital transformation deal with US-based MKS Instruments, a global provider of instruments, systems, subsystems and solutions for advanced manufacturing processes
The stock has been underperforming peers after two consecutive quarters of muted revenue growth
HCL Technologies on Tuesday said it has signed a pact with South Korean software company HANCOM Inc to share advanced software technology solutions and establish a mutual bridgehead for overseas expansion. HCL Technologies will support training for software development at HANCOM's research and development (R&D) centre in India, which was established in 2016, according to a regulatory filing. The Indian tech firm will also share its development studio and provide HR support to meet demand and development capacity at the R&D centre, it added. In addition, it will promote technological cooperation to strengthen HANCOM products' global competitiveness. The two companies also plan to cooperate on global market expansion, the statement said. This includes HANCOM's entry into Southeast Asian countries such as Taiwan, Vietnam and Bangladesh, Middle Eastern countries, and HCL Technologies' business expansion into the South Korean market, it added. "South Korea is a key strategic market
HCL will support training for software development at HANCOM's in India research and development centre, which was established in 2016.
HCL Tech's exposure to deeply troubled verticals - Energy, Transportation, Travel, Hospitality, and Retail - remains lower relative to its peers, which bodes well for the company's growth outlook
In the past one month, HCL Technologies has outperformed the market by surging 18 per cent at the bourses, as compared to 5 per cent rise in the S&P BSE Sensex.
Wipro, HCL Technologies and Asian Paints were the new Indian entrants among the top 500 companies in the world, as per the latest Hurun Global 500 list
Zydus Cadila received tentative approval from the US health regulator to market Lenalidomide capsules used for the treatment of various types of cancers
HCL will be using AI-enabled virtual assistants to drive efficiencies for Wacker.
HCL Tech became the fourth Indian information technology (IT) firm to achieve the milestone after Tata Consultancy Services (TCS), Infosys and Wipro
Kouri joins the firm most recently from JLL, where she was Chief Marketing Officer, Americas, for 7 years. Prior to that, she spent 14 years in marketing leadership roles at Accenture
People who have worked with him say CVK is extremely focused on executing the company's mode 1-2-3 strategy