HCL Tech News

Small and medium sized IT companies continued to show year-on-year improvement in the share of aggregate revenue and profit of the sector in the March 2024 quarter though the extent of improvement has tapered down implying resilience from the top tier companies.

The India Cements was the top gainer in this pack with nearly 44% return, followed by Amara Raja Energy (41%), JK Paper (40.5%), and V Mart Retail (40.5%).

​​ICICI Prudential Mutual Fund was the single largest buyer at 1,001 crore, followed by Morgan Stanley Asia Singapore PTE and Citigroup Global Markets Mauritius fund. Shares of HCL Technologies closed 0.42% up on NSE at 1,461 Friday.

Sagar Cements re-appointed S Anand Reddy as Managing Director and S Sreekanth Reddy as Joint Managing Director of the company for a period of three 3 years.

HCL Technologies is likely to see a block deal worth Rs 1,757 crore (approximately $200 million) on Friday, according to a term sheet issued by Citigroup.

The Indian office market showcased resilience in H1 2024 with significant office leasing and new supply growth. Occupiers' confidence, highlighted by major players like HCL Technologies and Tech Mahindra, spurred demand for quality office spaces.

Within the Nifty pack, UltraTech Cement, HDFC Bank, Divi's Lab, Coal India, and SBI were the top gainers while HCL Tech, Asian Paints, and Titan faced selling pressure. Shares of new-age companies like Paytm, Zomato, and Policybazaar traded higher by around 2% each after Morgan Stanley's bullish note.

Enclosed please find a release on the captioned subject.

Nifty's trajectory remains uncertain, influenced by sector rotation and FIIs' activities. Investors should focus on specific stocks and sectors for trading opportunities to capitalize on market movements.

Indian benchmark equity indices opened higher led by information technology stocks after U.S. IT firm Accenture forecasted annual revenue growth above expectations.

Pursuant to Regulation 39(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that the Company has received intimation from a shareholder for loss of a share certificate.

The BSE Sensex was trading 64 points, or 0.08%, higher at 77,454. The Nifty50 was up 4 points, or 0.02%, trading at 23,520 around 9:27 am.

Enclosed please find a release on captioned subject.

Pursuant to Regulation 39(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that the Company has received intimation from a shareholder for loss of share certificates.

Enclosed please find an intimation in regard to the record date in respect of the dividend, if any declared by the Board of Directors of the Company in its meeting to be held on July 12, 2024.

Enclosed please find an intimation in regard to the closure of trading window.

Enclosed please find an intimation in regard to the Record Date for payment of interim dividend, if any, declared by the Board of Directors of the Company in its meeting to be held on July 12, 2024.

HCL TECHNOLOGIES LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/07/2024 ,inter alia, to consider and approve Enclosed please find an intimation in regard to the Board meeting of the Company for considering the Quarterly financial results and interim dividend.

The market capitalisation of BSE-listed firms hit another record high of Rs 434.88 lakh crore on Friday as the BSE benchmark scaled new closing peak, rallying for the third day running.

Investec upgraded Vedanta to a Hold rating, JPMorgan maintained its Buy stance on HAL, Jefferies retained a Hold rating on HCL Technologies, and Macquarie recommended a Neutral rating on Ambuja Cement.

Pursuant to Regulation 39(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that the Company has received intimation from a shareholder for loss of share certificates.

Indian shares kicked off Wednesday's trading session on a positive note, driven primarily by gains in IT stocks. The market anticipates the release of a crucial U.S. inflation report and the Federal Reserve's policy decision, both of which are likely to impact near-term interest rate trends.

Enclosed please find a release on the captioned subject being issued by the Company today.

Enclosed please find a press release on captioned subject.

HCL Technologies Ltd., incorporated in the year 1991, is a Large Cap company (having a market cap of Rs 385001.24 Crore) operating in IT Software sector.

Nifty IT index fell 2.3% with Coforge and Persistent Systems as top losers, despite Nifty hitting a lifetime high. IT sector has seen recent positive returns but remains a laggard over the quarter.

Please find the enclosed press release on captioned subject.

Canara Robeco Emerging Equities: This fund shifted its positioning from a mid- and small-cap offering to its current large- and mid-cap mandate a few years ago. It retains preference for businesses with improving fundamentals or experiencing temporary setbacks. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.

Top tier IT exporters see rising employee productivity amidst challenges like revenue deceleration, shrinking margins, and lower headcount in FY24.

The recent FII trends have taken a stark turn from Monday's buying spree, where both FIIs and DIIs were net buyers, collectively purchasing shares worth Rs 8,765 crore. This buying activity was apparently fueled by exit polls predicting a resounding victory for the BJP-led NDA alliance. However, the subsequent FII trends have diverged significantly from this initial optimism.

Amid revenue deceleration, shrinking margins and lower headcount, a silver lining for the top tier IT exporters is the rising employee productivity aided by streamlining of human resources through meticulous bench management.

After remaining an underperformer in the current calendar year, Nifty IT (NSEIT) might be ready to take a U-turn, believes JM Financial, suggesting that it was time to start putting weight on the large cap stocks in this sector.

Tech stocks led the rally with Narendra Modi set to return to power for a third straight term after two key allies pledged support to form a new government. Top Sensex gainers included Tech Mahindra, HCL Tech, SBI, NTPC, and Infosys which rose 3-4%. HUL, Asian Paints, M&M and Nestle India settled with cuts.

Motilal Oswal identifies sectors with overheated valuations likely to become attractive post-elections. Picks include large caps like ICICI Bank, ITC, and HCL Tech, and midcaps such as Indian Hotels and Godrej Properties. Outlook remains positive with strong macros and corporate earnings growth.

CLSA adjusts India portfolio post BJP's election setback, favoring defensive stance with HCL Tech replacing L&T. Overweight on banks, commodities, IT, insurance, and staples. Concerns over market valuation amid Nifty's 6% drop and historic high PE ratio.

Enclosed please find the copies of Newspapers Advertisements published on June 4, 2024 regarding dispatch of the Postal Ballot Notice to the shareholders

Enclosed please find attached the Postal Ballot Notice dated May 31, 2024 sent to shareholders on June 3, 2024 for seeking approval on the matters stated therein.The Postal Ballot Notice is available on the website of the Company at www.hcltech.com as well as on the website of NSDL at www.evoting.nsdl.com.The Company has engaged the services of National Securities Depository Limited ("NSDL") for the purpose of providing e-voting facility to its members. The remote e-voting will commence from 09:00 a.m. (IST) on Tuesday, June 4, 2024 and shall end at 05:00 p.m (IST) on Wednesday, July 3, 2024.

Enclosed please find a copy of the newspaper publication in regard to the transfer of equity shares of the Company to the Investor Education and Protection Fund.

Enclosed please find a release on captioned subject.

Enclosed please find the release on captioned subject.