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HCL Tech share price crashes over 10%; Rs 38,000 crore gone from market cap as brokerages downgrade stock - The Times of India
HCL Tech share price crashes over 10%; Rs 38,000 crore gone from market cap as brokerages downgrade stockThe Times of India
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.
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Tata Group stock sees best single-day jump in 16 months after profitability returns in Q4
India's Mutual Funds do not have any shareholding in NELCO, while Schlumberger Ltd. owns a 3.8% stake. As many as 6.9 lakh small retail investors, or those with authorized share capital of up to ₹2 lakh, have a 33.1% stake in the company.
Bonus Share Alert: Nearly 5 lakh retail shareholders of this Tata Group stock to be rewarded for the first time
The board of Trent is scheduled to meet on April 22 to evaluate the proposal, according to an exchange filing. If approved, this would mark the company's first-ever bonus issue, as per BSE data.
Wipro announces ₹15,000 crore share buyback, offers 19% premium
Wipro plans Rs 15,000 crore share buyback, its largest ever, offering 19 per cent premium to market price as it looks to reward shareholders and support stock performance
Wipro unveils Rs 15,000-cr buyback via tender route: Should you go for it?
The buyback price is 19 per cent higher than the stock's closing price on Thursday's of Rs 210.15 per share on the NSE.