HCL Technologies trades flat ahead of Q3 nos; here’s what analysts expect

Paring all its early losses, the stock of HCL Technologies was trading flat in the morning trade on Friday ahead of its December quarter (October-December) results of the financial year 2019-20 (FY20) due later in the day.

The stock hit a low of Rs 580, down 2.3 per cent during the session. However, at 10:41 am, shares of the company were trading at Rs 594.30 apiece on the BSE, up 0.15 per cent. In comparison, the S&P BSE Sensex was trading at 42,049.65 levels, up 117 points or 0.28 per cent.

For the quarter under review, analysts at Centrum Broking expect the company to deliver 1.8 per cent constant currency (CC) revenue growth. Conversion of IBM IP revenues and capital allocation (increase in payout ratio) remains key metrics to watch in the results announcement.