HCL Tech share price soars over 7% but brokerages say tariff concerns continue: 3 reasons why

The IT giant HCL Technologies reported its quarterly earnings for the fourth quarter of the financial year 2024-25. The share price of HCL Technologies rose 7.4% to an intra-day high of Rs 1,588. The brokerage houses are bullish on the stock as the company sees limited impact on its business from tariffs.

Nomura on HCL Technologies: cuts target price by 9.2%

Nomura cut the target price by 9.2% to Rs 1,670 from Rs 1,840 as the management noted that it expects the impact of tariff-induced uncertainty to spill over to other sectors beyond the directly impacted sectors of retail and manufacturing with a quarter’s lag.