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.