HCL Technologies Ltd shares hit a 52-week low of Rs 927.10. Nearly 2 per cent down on BSE. During the first quarter, HCL Technologies underperformed the market by falling 18 per cent, compared to a 7.5 per cent decline in the S&P BSE Sensex.

The stock has dipped 31 per cent against an 11 per cent fall in the benchmark index.

• Trump-backed GOP Funding Plan Fails in House as Shutdown Looms
• Italy Fines OpenAI 15 Million Euros for Privacy Breach
• India’s Forex Reserves Drop to $652.87 Billion as of 13th Dec
• World Bank Approves $800 Mn Loan for Amaravati Project
• How Mutual Funds Work? Types Of Mutual Funds, Tax And Example Of Mutual Funds

“We expect Product and Platforms (P&P) business to report single-digit decline while IT services and ER&D to report a modest 2-2.5 per cent QoQ CC growth. Because of around 60 bps cross-currency headwinds, we expect the company to report 1.4 per cent QoQ growth in the dollar term. In Rupee terms, the company is expected to report revenue growth of 3.7 per cent QoQ,” ICICI Securities said in its result preview.