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Forex-hit HCL’s net declines 10%Economic TimesOur hedging strategy went horribly wrong and we’ll continue to incur forex losses till September 2010,” Mr Nayar said. Currently, HCL’s hedge stands at $725 …HCL Technologies says profit falls on forex loss ForbesHCL Tech Q1 net dips 10%, hikes salaries Times of IndiaHedging losses drag hcl’s profits Livemint Reuters India  - Business Standard  - Moneycontrol.comall 65 news articles »

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News Sources wrote an interesting post today on
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Investors can book profits selling a part of their holdings in HCL Technologies, in light of the expensive valuations that the stock currently trades at. At Rs 339, the stock discounts its likely 2009-10 per share earnings by nearly 18 times. Not only has this narrowed the gap with peers such as Infosys, TCS and Wipro, it is also at the upper end of historic valuations for the stock. The company has had some reasonable deal wins in the last couple of quarters and may benefit from vendor consolid

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News Sources wrote an interesting post today on
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NEW DELHI, Aug 25 (Reuters) - IT services firm HCL Technologies Ltd sees hedging losses at $127 million in the year to June 2010 based on forex rates of end-June, its finance chief said on Tuesday.

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News Sources wrote an interesting post today on
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NEW DELHI, Aug 25 (Reuters) - IT services firm HCL Technologies Ltd sees hedging losses at $127 million in the year to June 2010 based on forex rates of end-June, its finance chief said on Tuesday.

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News Sources wrote an interesting post today on
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Net income down 36.3% year-on-year from Rs 342.5 crore. Foreign exchange losses of Rs 201.3 crore ate into the profits of HCL Technologies, which posted a consolidated net income of Rs 218.1 crore for the third quarter ended March 31, 2009.

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