Analysts at the brokerage expect the company to deliver a 17 per cent dollar revenue growth annually between FY22-24
Analysts expect 2Ws to reflect strong volumes in Q2FY23 amid strong pent-up demand, and improved mobility in June quarter 2022 (Q1FY23)
CLOSING BELL: Axis Bank, HCL Tech, SBI, Tech M, TCS, Wipro, Infosys, and Ultratech Cement were the top large-cap laggards
The company said it continues to witness encouraging trends via their online channels, and remains confident of their long term sustainable and profitable growth ahead
Stocks to watch today: Tata Elxsi, L&T Infotech will report their June quarter results 2022 on Thursday July 14; Mindtree posted 37.3 per cent rise in net profit to Rs 471.6 crore for Q1FY23.
Increase in lending rates, credit growth etc are expected to help banks report a rise in income and profits in Q1FY23. Here's a glimpse of how Q1 results of the banking sector may look like.
In a Q&A, HCL Technologies CEO and MD C Vijayakumar, talks about growth momentum from its majority market the US and managing supply-side issues
The BSE Sensex fell 372 points at close to 53,514. The index had previously risen 325 points to the day's high.
HCL Tech had a total contract value (TCV) of new deals worth $2 billion, a growth of 23.4 per cent YoY
Top management, while reporting results for HCL Tech Q1FY23 on Tuesday, said attrition rate was "expected to remain high in coming months"
CLOSING BELL: NTPC, Adani Ports, Bharti Airtel, Coal India, Hero Moto, and Bajaj Finance were the only gainers, up in the range of 0.08 per cent to 1.7 per cent
State-owned lenders, which hold large quantities if G-Secs, to face brunt of yield spike
Analysts expect Ebit to contract sequentially due to increase in retention costs as well as higher travel costs
On the flipside, the company's Ebit margins are expected to decline by up to 108 bps to 16.9 per cent over the preceding quarter due to elevated attrition.
Stocks to watch today: HCL Technologies will report June quarter results 2022 (Q1FY23) on Tuesday, July 12; Coal India ramped up capex plans to Rs 3,034 crore, up 64.8 per cent in June quarter 2022.
The Nifty IT index tanked over 3 per cent in early trade on Monday when compared with a 0.5 per cent fall on the Nifty50 index
Shares of Tata Consultancy Services (TCS) on Monday fell nearly 5 per cent, wiping out Rs 55,471.22 crore from its market valuation, after the company's June earnings failed to meet expectations.
CLOSING BELL: Adani Group shares rallied up to 12 per cent on the BSE in Monday's intra-day trade, in otherwise a weak market, amid the group's foray into telecom business
Inflationary trends led by edible oil prices had hurt both household and industrial demand for soft and hard oils in Q1
The company has indicated that the near-term demand outlook remains strong, but senior-level client executives have started discussing a potential recession, said Nomura.