On 29 April, HCL Tech's shares dropped 6.3% due to Q4FY24 results showing a lower-than-expected revenue growth projection for FY2025.
HCL Tech shares dropped 6.3% on 29 April, marking their largest drop in 17 months, following Q4FY24 results. The company reported a revenue growth projection of 3-5% for FY2025, below market estimates. CEO C Vijayakumar attributed the decline to ongoing macroeconomic challenges. 18 analysts lowered their target price for HCL Tech, with the median falling to Rs 1,532.50 from Rs 1,635.50 in March.
April 29, 2024
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