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HCL Tech upgraded its FY25 growth guidance to 4.5–5 per cent, with 50 basis points (bps) of inorganic contribution, essentially translating to organic revenue growth guidance of 4–4.5 per cent from 3.

HCL Tech shares drop 9% due to mixed earnings, revenue guidance concerns, and valuation issues. Learn more about the market impact.

Shares of IT giant HCL Tech tumbled by nearly 9% following disappointing Q3 earnings that failed to meet investor expectations. Despite a rise in revenue and profit, the stock became the biggest laggard among BSE Sensex and NSE Nifty.

Market experts noted that despite delivering a solid financial performance driven by a sharp uptick in deal wins, TCS and HCL Tech faced pressure due to higher expectations on the Street