The Q1 has typically been HCL’s weakest margin quarter with the top line impacts which have also been seasonal in that sense and Q1 even in the previous two years has been around that 17%, which is where HCL landed up this quarter as well, says CFO Prateek Aggarwal. Typically, Q2 picks up to something like 18% and Q3 is the peak, which goes to 19% plus and then the Q4 again comes back to that same second-quarter level
Tech View: Nifty’s weekly bullish engulfing candle signals strength; key resistance at 23,800. How to trade on Monday
Nifty formed a red candle on the daily chart on Friday, indicating weakness, but a green candle on the weekly scale confirmed last week’s bullish