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Rs 92,000 crore ripple effect! HCL Tech’s weak Q4 drags IT pack; Infosys, Tech Mahindra slump up to 6%
HCL Technologies’s weak Q4 triggered a ₹92,000 crore sell-off in IT stocks, dragging peers like Infosys and Tech Mahindra down up to 6% amid sector-wide concerns.
HCLTech shares fall 11% to a 52-week low, marking their worst single-day return in 11 years
According to Nuvama, HCLTech's weak guidance for FY27 now converges its growth differential with TCS and Infosys, which is likely to lead to convergence of their valuations. The brokerage has cut growth estimates and revised its USD-INR assumption to 93 from 88 earlier.
HCL Tech shares wipe out Rs 38,000 crore as target price falls to Rs 1,165. Why every second broker is busy downgrading
HCL Technologies share price plummeted nearly 10%, wiping out Rs 38,000 crore in market cap following a brutal Q4 earnings report. The IT major missed revenue, margin, and guidance targets, triggering widespread broker downgrades and price target cuts. Analysts are scrambling to reprice the stock amid concerns over client-specific headwinds and AI-driven deflation.
HCL Tech, Infosys to TCS: IT stocks crash up to 10% today — What's behind the massive selloff? - Mint
HCL Tech, Infosys to TCS: IT stocks crash up to 10% today — What's behind the massive selloff?Mint
Why market fell today? Sensex slumps 760 points, Nifty below 24,400 despite ceasefire extension. 7 key reasons
Indian markets turned negative on Wednesday as investor caution persisted despite a ceasefire deadline extension by Donald Trump. IT stocks led the decline after weak earnings from HCL Technologies, dragging peers like Infosys, Tata Consultancy Services, and Tech Mahindra lower. However, defensive names such as Hindustan Unilever and NTPC posted gains.
HCL Tech shares tank over 9% after weak Q4. JPMorgan, HSBC & 3 others cut target price
HCL Tech shares fell sharply after the March quarter results and FY27 guidance disappointed D-Street expectations. While Q4 profit and revenue grew YoY, sequential weakness and constant currency decline weighed on sentiment. The company guided for muted growth of 1–4% in FY27, citing weak discretionary demand and client-specific headwinds, prompting brokerages to trim targets.
HCL Tech share price crashes 9% after Q4 results. Should you buy, sell or hold? - Mint
HCL Tech share price crashes 9% after Q4 results. Should you buy, sell or hold?Mint
HCL Tech Share Price Highlights: HCL Tech Stock Price History
IT stocks weigh on India's Sensex, Nifty after HCLTech forecasts slower growth - Reuters
IT stocks weigh on India's Sensex, Nifty after HCLTech forecasts slower growthReuters
Stocks to watch: Tech Mahindra, HCL Tech, Trent, BEML among 10 shares in focus today - Mint
Stocks to watch: Tech Mahindra, HCL Tech, Trent, BEML among 10 shares in focus todayMint
From Gift Nifty, US-Iran ceasefire to HCL Tech Q4 results: 10 key things that changed for Indian stock market overnight - Mint
From Gift Nifty, US-Iran ceasefire to HCL Tech Q4 results: 10 key things that changed for Indian stock market overnightMint
HCLTech sees muted FY27 after fastest growth in three years
India's third-largest IT services company clocked 5.95% year-on-year growth in consolidated revenue to $14.66 billion, beating a Bloomberg estimate of $14.1 billion by 45 analysts. However, net profit fell 4.05% y-o-y to $1.96 billion, compared to a rise of 7.6% in FY25.