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HCL Tech slumps 9% after FY25 guidance hints at a muted March qtr
Financial Express Lucknow|January 15, 2025
Steep Decline
- PADMINI DHUVARAJ

SHARES OF INDIA'S third-largest IT firm HCL Tech plunged 9.23% in intra-day trade on Tuesday following the release of its third-quarter numbers, marking the largest single-day fall in nearly a decade.

While the results were broadly in line with Street expectations, a marginal upgrade in revenue guidance for FY25 raised concerns about a weaker Q4 exit rate, dampening the investor sentiment.

The fall in HCL Tech was in line with a decline in other major IT stocks, including TCS, Infosys, Tech Mahindra and LTIMindtree. The stock closed down 8.8% at ₹1,813.55 on the National Stock Exchange.

This story is from the January 15, 2025 edition of Financial Express Lucknow.

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HCL Tech slumps 9% after FY25 guidance hints at a muted March qtr
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This story is from the January 15, 2025 edition of Financial Express Lucknow.

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