Meesho Ltd IPO - Value-Led Play, Moderately Priced
Meesho Ltd (ML) is looking to raise around US$607m in its upcoming India IPO. In this note, we talk about the company’s implied valuations in the...
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HCL Technologies - Mixed Performance, near Term Speedbumps Amid Improving Macro Trends…
The quarterly performance was impacted by lower than anticipated growth in P&P business (down 2.1% YoY CC), otherwise the momentum within service...
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HCL Technologies - Guidance Upgrade Dampens Enthusiasm
HCL Technologies (HCLT) reported a revenue of USD3.5b, up 3.8% QoQ and 4.1% YoY in constant currency (CC), above our estimate of 3.7% QoQ CC growth
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HCL Technologies - On Expected Lines
HCLT delivered an in-line revenue/margin performance. Revenue growth of 3.8% QoQ CC was supported by growth in services, CTG acquisition and...
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HCL Technologies Ltd - Strong Results; Better Execution
Long-term demand remains resilient: The long-term demand scenario for the IT sector remains strong, and it is expected to regain momentum in CY25...
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