External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

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External broker reports(aggregated public sources)

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Along expected lines, HCL Tech (HCLT) delivered a soft quarter (revenue/margin decline) with a growth uptick expected in Q3FY25E</li><li>The deal transition impact from onshore to offshore and State Street exit is impacting FY25 growth by ~1.5% while Verizon’s impact is balancing out, resulting in a moderating growth trend in FY25E</li><li>Guidance was maintained at 3-5% CC growth for FY25E which implies 0.9% to 2.3% CQGR over Q2-Q4FY25 with ~0.8% negative impact in Q2 on account of State Street exit</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Along expected lines, HCL Tech (HCLT) delivered a soft quarter (revenue/margin decline) with a growth uptick expected in Q3FY25EThe deal transition impact from onshore to offshore and State Street exit is impacting FY25 growth by ~1.5% while Verizon’s impact is balancing out, resulting in a moderating growth trend in FY25EGuidance was maintained at 3-5% CC growth for FY25E which implies 0.9% to 2.3% CQGR over Q2-Q4FY25 with ~0.8% negative impact in Q2 on account of State Street exitContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

HCL Technologies

HCL Technologies - In Low Gear