Today HCL Tech shares have fallen by 6% after Q4 results for the FY24. HCL Tech shares had the previous day's closing price of Rs 1,473.85 and today started the day at Rs 1,415.00 and till now the stock has seen a decline of up to 6%. Currently HCL Tech share price is trading at Rs 1386.95.
HCL Tech IT Company has declared net profit of Rs 3,995 for the quarter ended March 31,2024, which has increased by 0.35% margin compared to the previous quarter result. Operational revenue in Q4FY23 was Rs 27,059, which is 5.3% higher than last year's Rs 28,499. Also, the company has declared an interim dividend of Rs 18 per equity share for the financial year 2024-25.
In the last 5 years, HCL Tech revenue growth has increased by 14.7% compared to the industry average growth rate of 13.37% and net income in the last 5 years has increased by 11.23% compared to the industry average growth rate of 1016%. HCL Tech market share has increased from 12.71% to 13.89%. HCL Tech Limited Shares listed on both National Stock Exchange (NSE) and BSE (Bombay stock Exchange). If we look at the financial growth history of HCL Tech Ltd stock, it has given a return rate of 142.50% in the last 5 years and it has given a return rate of 29.69% in the last 1. In the last 6 months, HCL Tech Ltd stock has given a return rate of 9.59% to its shareholders
HCL Tech is an Indian multinational Information Technology (IT) company which was established in 12 November 1991 headquarters is in Noida, Uttar Pradesh, India. Shiv Nadar is the founder of HCL Tech Ltd company and C Vijaykumar is the CEO if this IT company. HCL Tech is an IT company which provide services in a variety of range of software development services, consulting services, business process outsourcing services and technology infrastructure services. HCL Tech is a worldwide software company which is spread across 52 countries and more than 225,944 employees works here.
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