HCL Tech shares tank over 9% after weak Q4. JPMorgan, HSBC & 3 others cut target price
Shares of HCL Tech, India’s third-largest software services firm, plunged as much as 9.58% to the day’s low of ₹1,303 on the NSE on Wednesday after Q4 results failed to meet D-Street expectations.
The IT major reported a 4.2% rise in consolidated net profit for the March quarter at ₹4,488 crore, compared to ₹4,307 crore in the same period last year.
Revenue from operations for Q4FY26 came in at ₹33,981 crore, marking a 12% increase from ₹30,246 crore recorded in the corresponding quarter of the previous financial year.
