Demand side concerns continue for HCL Tech as it reports weaker revenue

July 12, 2024

HCL Tech’s Q1 FY25 results were mixed, with better-than-expected net profit due to higher other income offsetting disappointing revenue growth. Operating margins were under pressure as anticipated, and the company secured fewer new deals compared to the previous quarter, a trend also seen in its larger competitor, TCS.

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Puneet Pal of PGIM India AMC suggests that recent FPI outflows from Indian debt markets are likely due to profit-taking and narrowing interest rate differentials,

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ETMarkets Smart Talk | India to benefit from global manufacturing shift as China+1 strategy gains momentum: Ankur Jhaveri

Ankur Jhaveri of JM Financial highlights India’s potential gains from the China+1 strategy amid global manufacturing shifts. He anticipates rural consumption and domestic manufacturing as

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