HCL Tech shares fall 6% after Q4 results. Should you buy, sell or hold?
By
Biju Kumar
Shares of HCL Technologies dipped 6% in Monday’s early trade to a day’s low of Rs 1,382 after the IT major reported a net profit of Rs 3,995 crore for the quarter ended March 31, 2024, which was marginally higher by 0.35% against the net profit reported in the year-ago period.
The consolidated revenue from operations was reported at Rs 28,499 crore, up 5.3% from Rs 27,059 crore in Q4FY23.