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HCL Tech: Volume growth at the expense of profitability

Published Date: 
Jan 21, 2011
Source: 
Economic Times

Over the last three quarters, HCL Technologies has been able to pull back its volume growth to the higher single dig IT zone. But this improvement is largely at the expense of profitability. Though its stock has outperformed the benchmarks and its peers in the past few months, a further jump in its valuations looks limited unless its margins improve substantially.

Source: 
Economic Times
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HCL Technologies Ltd.
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