Shares in HCL Tech slumped a huge 10 per cent as the company issued a tepid revenue guidance for the quarter ending Sept 30, 2015.
Apart from this the company also said currency headwinds would impact margins. "During this quarter, revenues to be reported in US dollar would have an adverse impact of 80 basis points on account of sharp depreciation of multiple currencies against US dollar," HCL Tech said in a statement to the Bombay Stock Exchange.
The stock was quoting at Rs 890 on the National Stock Exchange, a fall of a huge Rs 90 over Wednesday's close.
The company also sounded a warning on a major client."In one of the multi-million custom application development project being executed for one of the customers...certain differences have arisen on with the customer," the company said. It has reserved up to $20 million as a matter of prudence.
GoodReturns.in
Notifications
Settings
Clear Notifications
No New Notifications
Notifications
Use the toggle to switch on notifications
Block for 8 hours
Block for 12 hours
Block for 24 hours
Don't block
To start receiving timely alerts, as shown below click on the Green “lock” icon next to the address bar
Click it and Unblock the Notifications
Close X
Close X
To Start receiving timely alerts please follow the below steps:
Click on the Menu icon of the browser, it opens up a list of options.
Click on the “Options ”, it opens up the settings page,
Here click on the “Privacy & Security” options listed on the left hand side of the page.
Scroll down the page to the “Permission” section .
Here click on the “Settings” tab of the Notification option.
A pop up will open with all listed sites, select the option “ALLOW“, for the respective site under the status head to allow the notification.
Once the changes is done, click on the “Save Changes” option to save the changes.
Click it and Unblock the Notifications
Sign in with Google