HCL Tech shares plunge 10 percent on weak guidance. The IT major's stock fell to 1,301 rupees from 1,441.20 as investors reacted sharply to disappointing FY27 projections and analyst downgrades. The company guided for just 1 to 4 percent revenue growth in constant currency, significantly below previous expectations. Global market volatility, discretionary spending cuts, and client-specific challenges emerged as key headwinds. The broader Nifty IT index declined 3.3 percent, with Persistent Systems, Coforge, and Tech Mahindra also facing selling pressure. While Q4 net profit rose 4.2 percent year-on-year to 4,488 crore rupees, operational performance disappointed with services declining quarter-on-quarter and software revenues dropping due to seasonal weakness and delayed deal closures. New deal wins remained soft at 9.
