Stock to watch: HCL Tech shares in focus ahead of Q2 results
Shares of IT services company HCL Tech will be in focus today as the company will announce its second quarter results later in the evening.
The stock has been in an uptrend over the past five days and gained nearly 3% even amid overall negative market sentiments.
HCL Tech is expected to report a revenue growth in the range of 7-9% year-on-year for the quarter ended September 2024. Estimates by five brokerages peg revenue figures between Rs 26,672 crore and Rs 28,710 crore in Q2FY25.
As for the net profit in the reporting quarter, the growth is estimated in a wide range of 4.9% to nearly 15%. The PAT range could be between Rs 3,832 crore and Rs 4,097 crore.
Nuvama remains most conservative among brokerages on company’s PAT and revenue…
