IT MAJOR HCL TECHNOLOGIES
HCL Tech flags weak Q4, bets big on AI to drive next phase of growth
HCL Technologies faced a slower fourth quarter than anticipated. Weakness in its software business and certain service areas impacted results. However, the company sees significant future growth from Artificial Intelligence. New AI services are already generating substantial revenue. HCL Technologies expects AI to drive future business expansion and value creation.
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.
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's margins and constant currency growth to remain under pressure: Aditya Shah
Market watchers responded cautiously to the latest quarterly numbers, which fell short of expectations in growth and margins. While new deal wins were announced, concerns linger about their quality and sustainability amid geopolitical uncertainties. The company's forward guidance suggests performance may lean towards the lower end of projections.
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.
Infosys weighs CEO change; Groww's Lalit Keshre on next growth bets
Happy Wednesday! Infosys is set to discuss CEO Salil Parekh's tenure and a succession roadmap as it reports Q4 results. This and more in today's ETtech Morning Dispatch.
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Stocks in news: SBI Life, Trent, Tata Investment, HCL Tech, Suzlon Energy
In today's trade, shares of SBI Life, Trent, Tata Investment, HCL Tech, Suzlon Energy among others will be in focus due to various news developments.
Muted Q4, weak forecast cast a shadow on HCLTech
HCLTech's revenue growth guidance for FY27 is significantly lower than the actual FY26 growth, implying the effect of growing dependence of clients on operating efficiencies driven by ever rising capabilities of the artificial intelligence (AI) models and agents. HCLTech estimates a deflation or reduction of 2-3% in revenue from traditional IT services (non-AI based) per annum driven by the AI disruption.
MeitY extends IT rules feedback deadline to May 7; proposes stricter SGI labelling
The Ministry of Electronics and Information Technology has extended the deadline for feedback on proposed amendments to the IT Rules. New rules will require clear labels for synthetically generated information. Intermediaries must now comply with ministry advisories in writing. The amendments also expand oversight rules to user-generated news content, allowing for emergency content blocking.
HCL Tech Q4 Results: Cons PAT up 4% YoY at Rs 4,488 crore, revenue rises 12%; Rs 24 per share dividend declared
HCL Tech Q4 Results: IT major HCL Technologies on Tuesday reported a 4.2% growth in its consolidated net profit for the March-ended quarter at Rs 4,488 crore versus Rs 4,307 crore in the year ago period. The profit after tax (PAT) is attributable to the owners of the company.
Apple CEO Tim Cook steps down; HCLTech Q4 report
After 15 years at the helm of Apple, Tim Cook will step down to make way for insider John Ternus. This and more in today's ETtech Top 5.
Tata Elxsi Q4 Results: Profit jumps 28% YoY to Rs 220 crore; co declares Rs 75 per share dividend
Tata Elxsi reported Q4FY26 results with net profit rising 28% to Rs 220 crore and revenue up 9% to Rs 994 crore, driven by deal wins, media and transportation growth, stronger margins, and a recommended Rs 75 dividend for shareholders
HCL Tech announces Rs 24 per share dividend, sets April 25 as record date
HCL Technologies announced a Rs 24 interim dividend for FY27 with April 25 as record date. Q4 net profit rose 4.2% YoY to Rs 4,488 crore, while revenue grew 12% YoY, marking continued growth and consistent shareholder payouts.
Not Gurgaon, not Hyderabad, not Pune, CA says one city could rival Bengaluru as the India’s IT hub in future: ‘Rent is 30% cheaper…’
India's tech landscape is shifting as Mangalore, dubbed "Silicon Beach," emerges as a strong challenger to Bengaluru. The coastal city is experiencing rapid IT workforce growth and revenue increases, driven by global companies establishing R&D centers. Affordable office spaces, lower attrition rates, and a growing talent pool further bolster its appeal.
Hindustan Copper plans Rs 7,189-cr capex over 5 years for expansion of mines
Hindustan Copper Limited is investing over Rs 7,000 crore in the next five years to expand its mines. Production capacity is set to significantly increase. The company is also undertaking a major digital transformation. This includes upgrading communication systems and implementing advanced technologies like 5G and AI.
Stocks in news: HCL Tech, Vedanta, Jio Financial, IndusInd Bank, Suzlon Energy
Markets are cautious as a ceasefire nears expiry. Oil prices rose, and the rupee weakened, sparking inflation worries. Investors are watching the Q4 earnings season. Stocks like HCL Tech, Vedanta, and Jio Financial are in focus. Vedanta's demerger is set for May 1, 2026. HCL Tech reports Tuesday. Jio Financial expands its lending. TVS Motor enters Zambia.
Bulgaria ex-president wins parliamentary majority
The 45 percent of ballots his populist Progressive Bulgaria (PB) coalition scored in Sunday's polls -- according to 98 percent of the vote counted -- puts it on track to take some 130 seats in the 240-seat legislature in the European Union's poorest nation.
HCL Tech Q4 Preview: Will growth surprise investors after weak Wipro earnings?
HCL Technologies is poised for a mixed March quarter, anticipating steady year-on-year growth but a sequential dip due to software seasonality and rising costs. While revenue is projected to climb annually, a slight quarterly decline is expected. Margins may face pressure from wage hikes and restructuring. Investors await insights on future guidance and AI impact.
F&O Talk: Midcaps, smallcaps stage sharp comeback, trade above key moving averages. What's the outlook?
Domestic markets closed higher on Friday, led by consumer and metal stocks, with Nifty and Sensex posting gains. Analyst Sudeep Shah of SBI Securities shared insights on Nifty and Bank Nifty's outlook, highlighting broader market strength and key levels to watch for the upcoming week.
Odisha gets 3D chip packaging unit
Odisha is emerging as a significant player in advanced sectors like electronics and semiconductors with the inauguration of India's first 3D glass substrate packaging facility. This Rs 1,943 crore project, set up by 3D Glass Solutions Inc., aims to bolster India's semiconductor value chain and support future technologies like AI and high-performance computing.
Volatile geopolitics slows GCC in March
Global geopolitical tensions are impacting new technology center openings in India. While the number of new centers slowed, existing ones are expanding. Experts predict continued growth in greenfield centers if uncertainties ease. The GCC ecosystem is steadily rising, driven by new capabilities in AI and product engineering.
What Did Scientists Find Beneath the Atlantic Seafloor? It Was Invisible Until Technology Revealed It
A massive, ancient circular structure, the Nadir Crater, has been discovered deep in the Atlantic Ocean using advanced seismic techniques. This 66-million-year-old crater, several kilometers in diameter, indicates a significant asteroid impact event. Scientists are investigating its potential link to a period of increased asteroid activity and its global environmental consequences.
Vaishnaw calls 3DGS semiconductor plant foundation in Odisha a 'historic day, says state emerging as IT hub
Odisha is set to become a major center for advanced technology and electronics manufacturing. The foundation for a semiconductor plant has been laid, marking a historic day for the state. This development will boost Odisha's semiconductor ecosystem. Global leaders like Intel and Lockheed Martin are investors. The state is diversifying its industrial base beyond metals and minerals.
Earnings may drop but opportunity bigger; Vikas Khemani makes bullish call on India markets
Indian markets are rallying after a sell-off. Vikas Khemani of Carnelian Asset Management believes India's investment case remains strong. He sees short-term earnings disruptions as opportunities. Khemani has increased exposure to banking, financial services, and aviation. He also believes the narrative around Indian IT is exaggerated, with AI presenting new opportunities.
Mutual funds raise tech exposure in March after 8-year low. Tactical move or trend reversal?
Mutual funds raised tech exposure in March after an eight-year low, driven by tactical rebalancing and improved valuations. Experts say global cues like US tech recovery and easing rate concerns are aiding sentiment. Despite recent losses of up to 25%, the sector outlook remains gradually positive, supported by AI and cloud trends, though near-term volatility persists.
TCS Nashik: A look at the sexual harassment allegations rocking the IT major
Tata Consultancy Services is under scrutiny following serious allegations of sexual and religious harassment at its Nashik office. Investigations have led to multiple FIRs and the arrest of several employees, including an HR manager. Tata Sons chairman has ordered a thorough internal probe into the matter. The company has suspended employees involved.
Prudential Plc names Amit Dave as CEO, Abhishek Saraf as COO
Prudential Plc has appointed Amit Dave as CEO and Abhishek Saraf as COO for its upcoming health insurance joint venture with HCL Group in India. These appointments, pending regulatory approval, signal the venture's progress towards launching its standalone health insurance operations. The venture, a 70:30 partnership, is nearing final clearance after navigating regulatory hurdles.
Anthropic's new Claude Mythos model: A new threat in the waiting for Indian IT stocks?
Indian IT stocks may face fresh turbulence as Anthropic’s preview model, Mythos, raises disruption risks. Analysts warn its sharp gains in software engineering tasks mark a “step-jump,” not incremental progress, potentially pressuring valuations. Kotak says the leap could have meaningful implications for IT services firms, narrowing adaptation time and intensifying concerns over near-to-medium term demand, pricing power, and margins.
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