1569.4000 -11.30 (-0.71%)
NSE May 09, 2025 15:31 PM
Volume: 2.0M
 

1569.40
-0.71%
Prabhudas Lilladhar
QoQ CC) and IT Services (+4.7% QoQ CC) also reported strong growth. Strong new deal TCV of US$2.135 bn +64% YoY, strong deal pipeline (~10% QoQ, 20% YoY), continued strong headcount addition (+5.4% QoQ, 24% YoY) indicates IT Services and ER&D growth momentum will continue. Miss in EBIT margin at 19.0%, flat QoQ (Ple:19.3%, Cons:19.4%) was led by decline of 190bps QoQ in Services (IT + ER&D) margins due to wage hikes, supply side cost pressures, new project transition costs and seasonal leaves. This was offset by higher P&P margins (32%) led by revenue growth leverage....
HCL Technologies Ltd. is trading above its 50 day SMA of 1547.8
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