IT stocks came under sharp selling pressure today after HCLTech's Q4 results and weak growth guidance.
Sensex Today | Stock Market Highlights, Wednesday: In the broader markets, the Nifty MidCap and the Nifty SmallCap indices ended 0.19 per cent and 1.13 per cent higher, respectively.
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Client cutbacks, macro jitters trim growth expectations
HCLTech CEO and MD C Vijayakumar termed the year as one with an uncertain demand environment
Stocks to Watch today, April 21, 2026: From PNB Housing to HCLTech, here are key stocks that will remain in focus
HCLTech Q4 results preview: Brokerages tracked by Business Standard estimate HCLTech's net profit at an average of ₹4,716 crore, compared with ₹4,307 crore a year ago
Individually, Oracle Financial Services Software rallied 4.4 per cent, followed by TCS, Wipro, Persistent Systems, Infosys, Mphasis and LTIMindtree up over 2 per cent
IT Q4 results preview: While the recent sharp depreciation of INR against the USD is likely to provide a significant cushion to earnings, the focus has shifted toward FY27 guidance
Indian IT services firms are expected to increase acquisition spending to up to $7 billion this year, targeting AI, cloud and data capabilities amid a challenging organic growth environment
In the morning deals, the domestic currency hit a new low at 96.16 against the US dollar
Earlier this week, Jefferies downgraded Indian IT companies Infosys, HCLTech and MphasiS to 'hold'; LTIMindtree, TCS and Hexaware to 'underperform'.
Individually, HCLTech shares were up 3.57 per cent; Infosys, Tech Mahindra, TCS, and Wipro were trading over 2 per cent higher
C Vijayakumar says the $283 billion IT industry faces a difficult AI-led shift, but frontier model firms and services players will drive long-term value creation
HCLTech chairperson Roshni Nadar Malhotra says AI will enhance per-employee productivity and transform entry-level roles, as the firm expands into new areas including semiconductor packaging
Hong Kong Aero Engine Services Ltd (HAESL) has chosen Indian IT firm HCLTech to modernise its maintenance, repair and overhaul operations. The partnership aims to streamline HAESL's Maintenance, Repair and Overhaul (MRO) processes to boost efficiency and scalability, provide real-time data visibility for quicker decision-making, improve resource utilisation and ensure compliance with global standards. HCLTech will deploy its asset management solution, iMRO/4, as HAESL's Maintenance Execution System (MES) in Hong Kong, HCLTech said in a statement. "By integrating iMRO/4 with SAP S/4HANA, we will enhance end -to- end traceability and provide a single view of the workflow from induction to release. This reduces barriers and improves execution efficiency. "Partnering with HCLTech marks a significant step in our transformation, creating a scalable digital foundation that supports operational excellence and long -term growth ," said Ravinder Bedi, General Manager of Finance & ...
The acquisition aligns with HCLTech's strategic focus on strengthening its financial services expertise, particularly in core banking and wealth management, the company said
LTIMindtree's Q3FY26 profit falls 10.5% to ₹971 crore due to labour code impact, even as revenue grows 11.6% on strong BFSI and manufacturing deals
HCLTech has elevated company veteran Sandeep Saxena as Chief Growth Officer - Growth Markets 2, as it sharpens focus on India and other key regions such as West Asia and Africa
IT companies are looking to diversify and look beyond traditional revenue segments, as growth has remained damp over the last few years