IT Stock in Focus After Reporting 20% YoY Increase in Net Profit
Bengaluru, July 14 -- The company showcased a robust performance in the first quarter of the financial year, achieving double-digit growth in revenue and profitability on a consolidated basis. This quarter also set a record for first-quarter bookings, highlighting strong enterprise demand despite a cautious spending climate.
With a market capitalization of Rs. 3,21,189 crore, the shares of HCL Technologies Limited were trading at Rs. 1,184 per share, with a 52-week range of Rs. 1,780 to Rs. 1,030, and they are trading at a P/E of approximately 18x.
Strong Q1 FY27 Performance
On a consolidated basis, revenue from operations for the quarter came in at Rs.34,579 crore, up 13.9% year-on-year from Rs.30,349 crore in the same quarter last ye...
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