Reported 1 day ago
Shares of India's HCLTech fell nearly 10% to their lowest since September 2015 after the company reported a quarterly revenue of 298.9 billion rupees, missing expectations due to underperformance in its software sector. Despite CEO C Vijayakumar's optimistic outlook for demand in 2025, several brokerages downgraded their ratings and price targets, contributing to the significant decline in the stock amid a generally positive index performance.
Source: YAHOO