My Account
Follow us on:
Powered By
Find & Invest in bonds issued by top corporates, PSU Banks, NBFCs, and much more. Invest as low as 10,000 and earn better returns than FD
Invest Now
Powered By
Unlock Your Trading Potential: Trade like Experts with SEBI registered creators, Learn from Courses & Webinars by India’s Finest Finance Experts.
Invest Now
AMBAREESH BALIGA
Fundamental, Stock Ideas, Multibaggers & Insights
Subscribe
CK NARAYAN
Stock & Index F&O Trading Calls & Market Analysis
Subscribe
SUDARSHAN SUKHANI
Technical Call, Trading Calls & Insights
Subscribe
T GNANASEKAR
Commodity Trading Calls & Market Analysis
Subscribe
MECKLAI FINANCIALS
Currency Derivatives Trading Calls & Insights
Subscribe
SHUBHAM AGARWAL
Options Trading Advice and Market Analysis
Subscribe
MARKET SMITH INDIA
Model portfolios, Investment Ideas, Guru Screens and Much More
Subscribe
TraderSmith
Proprietary system driven Rule Based Trading calls
Subscribe
Curated markets data, exclusive trading recommendations, Independent equity analysis & actionable investment ideas
Subscribe
Curated markets data, exclusive trading recommendations, Independent equity analysis & actionable investment ideas
Explore
STOCK REPORTS BY THOMSON REUTERS
Details stock report and investment recommendation
Subscribe
POWER YOUR TRADE
Technical and Commodity Calls
Subscribe
INVESTMENT WATCH
Set price, volume and news alerts
Subscribe
The live blog session has concluded. For more news, views and updates, stay tuned withMoneycontrol.com
Interest rate cuts so far has not had any impact on-ground in terms of demand and uptick in client spending.
–Anand Rathi Wealth's consolidated net profit for the quarter ended December 2023 at Rs 58 crore, registering a growth of 34 percent. The company had reported a profit of Rs 43.2 crore in the same quarter last year.
–Its revenue from operations came in at Rs 187.3 crore, rising34 percent from Rs 140.2 crore in the corresponding quarter last year.
–The company said its client base increased to 9,641 families and our assets under management (AUM) increased to Rs 55,057 crore as of Dec-2023.
–Ramachandaran Sundarajan, chief people officer: 9% YoY drop in attrition rate
–This quarter we have implemented pay hikes for entry to junior level employees
–Added around 9,000 freshers so far in FY24
–We see great potential in Gen AI, but near term programmes are small
–We signed 31 deals in Gen AI, but sizes are sub $1 mn, expect it to grow in near term
–In Q4, we expect good growth in services business and seasonality in software business
HCL Tech reducedits revenue growth guidance for full year FY24 from the previous quarter at 5-6 % YoY in constant currency terms to now 5-5.5%. This is including ASAP acquisition. In Q1, revenue growth guidance was 6-8%.
–Financial services declined by 1.3 % QoQ due to furloughs
–We signed 18 large deals in the quarter
–Pipeline continues to remain healthy across large and medium sized deals
–Attrition is at all time low at 12.8%, lowest since Covid hit
HCL Tech bucks industry trend, headcount up by 3,617 in Q3FY24.
–Revenue – beats estimates
–Profit – beats estimates
–Margins — beats estimates, up 130 bps
–Revenue growth guidance reduced: 5-5.5% , slashed 50 bps in the upper end
— IT services company recorded a better-than-expected revenue of Rs 28,446 crore for the quarter ended December 30.
–HCL Tech also approved a dividend of Rs 12 per share for the financial year 2023-2024. It fixed January 20 as the record date.
Salary increases in the range of 6-8%, not calling out the impact of this on margins: CFO Iyer
CHRO Saurabh Govil: Not against any individual going anywhere, it is about contractual obligations
Market hasn't changed from earlier quarters, lack of discretionary spend hurting growth: CEODelaporte
Banks Or IT: Which Stocks Should You Buy Now? | Sectors To Watch | IT Stocks | Stock Market
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express writtern permission of moneycontrol.com is prohibited.
You are already a Moneycontrol Pro user.
Access your Detailed Credit Report – absolutely free