Q4 Results Live Updates: Result reactions are dominating market proceedings in Wednesday’s trading session. HCLTech is the top loser on the Nifty 50 with a 9% drop after a disappointing quarter and an equally disappointing guidance for the new financial year. HCLTech’s fall has also pressured the entire IT space. Along with HCLTech, Transformers & Rectifiers is also down over 10% and is the top loser on the Nifty 500. Along with these, Bharat Coking Coal, Delta Corp, L&T Technology Services, Havells India, Oracle Financial and Maharashtra Scooters will also be reporting their numbers today. Watch this space for all the Live earnings updates, management commentary and a lot more.
Q4 Results Live Updates: Result reactions are dominating market proceedings in Wednesday’s trading session, with Oracle Financial Services Software in focus after reporting a sharp jump in profit. HCLTech is the top loser on the Nifty 50 with a 9% drop after a disappointing quarter and weak guidance for the new financial year, weighing on the broader IT pack. Along with HCLTech, Transformers & Rectifiers is also down over 10% and is the top loser on the Nifty 500. Shares of Persistent Systems and Tata Elxsi are also reacting to results, declining between 2.5% to 4% each. Shares of CMPDI have dropped 4% following their results as well.
Today is also an important day in terms of earnings that are expected. Three Nifty stocks—Tech Mahindra, Trent and SBI Life Insurance Company Limited—will be reporting results. Trent will also consider a bonus issue of shares, dividend and fund-raising proposals. Along with these, Bharat Coking Coal, Delta Corp, L&T Technology Services, Havells India, Oracle Financial and Maharashtra Scooters will also be reporting their numbers today. Watch this space for all the live earnings updates, management commentary and more.