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Shares of HCL Technologies today slumped 4.9 per cent due to disappointing April-June quarter margins.
The shares head towards their biggest daily fall since October 2014.
According to analysts, earnings lag estimates as operating margins disappoint.
EBITDA margins for the quarter declined by 120 basis points QoQ to 21.3 per cent as per US GAAP, according to Reuters calculations.
The company’s margins may further decline during July-December as it faces wage hikes, analysts said.
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