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HCL Tech hits fresh record high ahead of Q2 results; soars 23% in one month

The company expects the revenue and the operating margin for Q2FY21 to be meaningfully better than the top end of the guidance it had provided in July 2020

HCl Tech Q2 net income rises 4.4% to Rs 2,651 crore, EBIT up 17.9%
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Analysts at HSBC Securities don't expect any change in 1.5-2.5 per cent sequential growth guidance for Q3 and Q4

SI Reporter Mumbai
Shares of HCL Technologies hit a fresh record high of Rs 887, up 2 per cent on the BSE, in intra-day trade on Tuesday ahead of its July-September quarter (Q2FY21) results due Friday, October 16. Stock of the IT consulting & services company surpassed its previous high of Rs 878.80 touched on October 8, 2020.

In the past one month, HCL Tech has outperformed the market by surging 23 per cent after the company said it expects the revenue and the operating margin for Q2FY21 to be meaningfully better than the top end of the guidance it had provided in July'2020.

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