HCLTech Falls on Margin Cut

  Published 1 year ago

HCLTech shares drop 4% after margin forecast cut, sparking downgrades and dampening hopes of IT sector spending rebound.

  • Company lowers FY26 margin guidance to 17%-18% from 18%-19%, prompting eight brokerages to slash price targets.
  • HCLTech's June-quarter profit drops 9.7% YoY despite revenue beating estimates; client spending remains weak.
  • US tariff uncertainties hurt IT demand; Nifty IT index slips 0.4% with HCLTech as top drag and loser.

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