HCL Technologies outperformed Tata Consultancy Services in revenue for the June quarter. However, HCL Tech’s profitability declined due to project delays. TCS improved its operating margin through cost control. HCL Tech revised its FY26 revenue guidance upward, signaling optimism. New order bookings decreased temporarily due to procedural delays. Employee attrition at HCL Tech fell, while TCS reported an increase.
Why FIIs are dumping bluechips to hunt small & midcaps
Foreign institutional investors are shifting their focus from India’s top blue-chip stocks to a wider array of mid- and small-cap companies. This strategic repositioning is