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According to Dolat Capital, sales of HCL Technologies are expected to increase by 1.8 percent Q-o-Q (up 29.2 percent Y-o-Y)to Rs 8106.2 crore.
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According to ICICIdirect.com, revenues of HCL Technologies are expected to increase by 2.6 percent Q-o-Q (up 2.6 percent Y-o-Y) to Rs 8167.2 crore.
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Ravi Menon, IT Analyst, Centrum Broking sees HCL Technologies outperforming and expect the stock to get re-rated. The broking firm has a price target of Rs 1,540 for the stock.
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AnandRathi Securities has come out with its earning estimates on IT sector. "Expect the top-four Indian IT companies to post 3.1% qoq, and 12.8% yoy, growth in USD revenue in 3QFY14," says the research firm.
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"We expect tier-1 IT aggregate growth to moderate to 3.2 per cent q-o-q, given seasonal impacts of lesser working days and year-end shutdowns/furloughs," Nomura Equity Research said in a report.
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The big news though was Cognizant‘s upward revision of revenues for the full year. In Q2, 2013 the company had said that it expected revenues to come in at USD 8.74 billion, a growth of 19 percent compared to the previous year.
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The country's fourth largest IT firm ended September quarter with revenues that grew at a slower pace than that of its rivals, though profit beat market expectations by rising 64 percent.
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Ankita Somani, Analyst at Angel Broking is of the view that Wipro has been a laggard in terms of revenue growth among the top four IT companies.
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Anil Chanana, CFO, HCL Technologies says the firm will be focused on a delivering profitable growth to the markets.
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According to Ankur Rudra, HCL Technologies continues to look relatively inexpensive, just shy of 12-12.5 times and appears to offer more upside from re-rating perspective.
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Basu Banerjee expects atleast 15 percent upside on HCL Technologies from its current levels when compared to its largecap peers trading at much higher valuations.
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Its earnings before interest and tax (EBIT) may increase 29.36 percent sequentially to Rs 1,890 crore and EBIT margin is likely to expand by 90 basis points Q-o-Q to 21.9 percent during first quarter.
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According to Dolat Capital, HCL Technologies to report a 12.5 percent growth quarter-on-quarter (growth of 53.8 percent year-on-year) in net profit at Rs 1,360.6 crore.
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According to Prabhudas Lilladher, HCL Technologies may report a 15.5 percent growth quarter-on-quarter (growth of 57.9 percent year-on-year) in net profit at Rs 1,397.3 crore.
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According to KR Choksey, HCL Technologies may report a 7 percent growth quarter-on-quarter (growth of 48 percent year-on-year) in net profit at Rs 1,283 crore.
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According to Motilal Oswal, HCL Technologies may report a 11.3 percent growth quarter-on-quarter (growth of 54.3 percent year-on-year) in net profit at Rs 1,333.3 crore.
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Despite Infy's the good set of numbers, TCS continues to remain Angel Broking's top IT bet follwed by HCL Tech. Infosys is their third-best pick which the brokerage house suggests accumulating at a target price of Rs 3,500
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In an interview to CNBC-TV18, Anant Gupta, chief executive officer explains the IT major is now shifting focus to the infrastructure markets as the penetration of infrastructure by Indian Outsourcing Providers (IOP) is less than 5 percent put together.
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Expectations from HCL Technologies are on the higher side as its peers TCS and Infosys have reported good results. Third quarter numbers were higher than analysts' forecast and margins were improved as against expectations of a decline in margins.
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Nirmal Bang expects HCL Technologies to report a 7.1 percent growth quarter-on-quarter (growth of 30.4 percent year-on-year) in net profit at Rs 1114 crore.
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KR Choksey expects HCL Technologies to report a 14 percent growth quarter-on-quarter (growth of 86 percent year-on-year) in net profit at Rs 1079 crore.
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Motilal Oswal expects HCL Technologies to report a 13.1 percent growth quarter-on-quarter (growth of 36.7 percent year-on-year) in net profit at Rs 1149.4 crore.
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Kotak Securities expects HCL Technologies to report a 3.6 percent growth quarter-on-quarter (growth of 25.4 percent year-on-year) in net profit at Rs 1055.4 crore.
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Market experts concur, on CNBC-TV18, The strong management guidance and quarterly results being in line with expectations should enable Wipro to post a strong opening on the bourses on Monday.
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In an interview to CNBC-TV18, Mehta says investors who are generally underweight on Infosys and overweight on Tata Consultancy Services (TCS), HCL Technologies may again do that recalibration and go back to equal weight in Infosys.
