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.

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“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.