← Latest news 
HCL Tech shares plunge Rs 59000 crore in days after weak Q4 guidance sparks downgrades
Business
Published on 24 April 2026
FY27 outlook spooked traders, multiple brokers cut targets
HCL Tech shares have slumped after weak Q4 earnings and cautious FY27 guidance, wiping out roughly Rs 59,000 crore in just three days. The fall has triggered multiple broker downgrades and target cuts, as analysts cite slowing growth, softer discretionary spending, and limited visibility on a fast recovery. Market sentiment remains under pressure in the near term.
- HCL Tech shares fell about 15% after weak Q4 performance
- Subdued FY27 guidance triggered broker downgrades and target cuts
- Slowing growth and reduced discretionary spending hurt sentiment
- Analysts warn more near-term pressure due to limited visibility
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times