Important results today: HCL Tech, HDFC Life Insurance, ACC, Mastek

ACC, Indian Bank, Mastek, Allsec Technologies, Alok Industries, Astron Paper & Board Mill, GTPL Hathway are set to release their quarterly earnings today.

Jul 19, 2021 08:07 IST India Infoline News Service

Quarterly Results
Quarterly results that are expected today include HCL Technologies, HDFC Life Insurance Company, ACC, Indian Bank, Mastek, Allsec Technologies, Alok Industries, Astron Paper & Board Mill, GTPL Hathway, Nippon Life India Asset Management, Plastiblends India, Ponni Sugars (Erode), PSP Projects, Supreme Petrochem, and Swaraj Engines.

As per media reports, HCL Technologies net profit could rise in the range of 6-11% yoy on a 14% growth in revenue (rupee terms). The revenue is expected to grow between 1.6% and 2% in constant currency (CC) terms.

Deal momentum, tenure and pricing, cloud-led adoption, attrition levels and deal conversion timelines are among other key areas that must watch out for.

Stock view:
HCL Technologies Ltd ended at Rs1,004.90 down by Rs35.1 or 3.38% from its previous closing of Rs1,040 on the BSE.

ACC Ltd ended at Rs2,129.15 up by Rs17.25 or 0.82% from its previous closing of Rs2,111.90 on the BSE.

HDFC Life Insurance Company Ltd ended at Rs697.95 up by Rs4.15 or 0.6% from its previous closing of Rs693.80 on the BSE.

Mastek Ltd ended at Rs2,479.25 up by Rs42.85 or 1.76% from its previous closing of Rs2,436.40 on the BSE.

Indian Bank ended at Rs138.15 down by Rs0 or 0% from its previous closing of Rs138.15 on the BSE.

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