HCLTech up 7% post Q4 results; Stock sees best day since 2019; Key details

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HCLTech up 7% post Q4 results; Stock sees best day since 2019; Key details - Business Standard

Quick Summary:

HCLTech's stock rose as much as 7.

That is lower than the guidance it provided over the past few years, but still higher than its larger rival, Infosys, which expects to grow between 0 per cent and 3 per cent.“While there has been no specific impact so far, this will play out much faster in the consumer and manufacturing sectors.

Citi has revised FY26/FY27 EPS estimates down by around 2 per cent and lowered the target multiple to 22x (from 23x), setting a new target price of ₹1,510.