Previous close | 3,972.70 |
Open | 3,959.35 |
Bid | 3,953.75 x 0 |
Ask | 3,963.00 x 0 |
Day's range | 3,911.05 - 3,970.00 |
52-week range | 3,156.20 - 4,254.45 |
Volume | |
Avg. volume | 529,030 |
Market cap | 14.343T |
Beta (5Y monthly) | 0.52 |
PE ratio (TTM) | 32.26 |
EPS (TTM) | 122.76 |
Earnings date | 11 Jul 2024 |
Forward dividend & yield | 112.00 (2.82%) |
Ex-dividend date | 16 May 2024 |
1y target est | N/A |
HCLTech shares plummeted as much as 6.3% on Monday, its biggest fall in nearly 17 months, as India's No.3 software services company forecast fiscal 2025 revenue growth below estimates. Including the day's move, HCLTech is down 5.2% so far this year compared with a 6% fall in the IT index. Larger rival Infosys was down 7.3%, while Tata Consultancy Services was up 2.1%.
Workers at the 600,000-strong consultancy risk receiving no bonus if they come into the office fewer than three days a week.
Shares of Wipro rose as much as 2.4% on Monday, after India's No.4 software services exporter posted better-than-expected fourth-quarter results, while some analysts pinned hopes on new CEO Srinivas Pallia to anchor a turnaround. Still, the stock has lost about 4% so far this year, while larger rivals Tata Consultancy Services and Infosys have gained 1.4% and shed 8.5% respectively. Wipro's quarterly revenue and profit came ahead of estimates, and Pallia said he will prioiritise growth at a time when India's $254 billion IT services industry grapples with reduced client spending due to high interest rates, geopolitical risks and economic uncertainty.