HCL Tech: Will there be a repeat performance?

HCL Technologies, one the top four IT majors in India, is scheduled to declare its July-September quarter financial performance on Friday. Market participants have high expectations as the company was able to beat analysts’ forecasts quite consistently in the last few quarters. Analysts expect the company to report only a modest show for the first quarter. The stock has gained 50 per cent in the last one year, mainly on account of strong financial performance.