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Shares of HCL Technologies fell more than 4.1 per cent on Wednesday, heading towards its steepest daily fall since October 2014, after the company said a stronger dollar would hurt its January-March revenue by 280 basis points.
However, HCL Technologies said it is still confident of achieving an operating profit in the range of 21 to 22 per cent for the quarter, according to an exchange filing on Tuesday.
The company’s rivals, Tata Consultancy Services, earlier guided for a negative cross-currency impact of 200 bps on revenue, while Wipro said it would impact IT-services revenue by 200-250 bps.
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