HCL Tech shares wipe out Rs 38,000 crore as target price falls to Rs 1,165. Why every second broker is busy downgrading
HCL Technologies share price plummeted nearly 10%, wiping out Rs 38,000 crore in market cap following a brutal Q4 earnings report. The IT major missed revenue, margin, and guidance targets, triggering widespread broker downgrades and price target cuts. Analysts are scrambling to reprice the stock amid concerns over client-specific headwinds and AI-driven deflation.
Stick to defensive and quality themes amid volatile global setup: Mayuresh Joshi
Indian stock markets are showing a strong rebound. Investors are now carefully selecting companies with good earnings and strong finances. Key sectors like power and pharmaceuticals are attracting attention. Mid-cap PSU banks are also seen as promising. Niche engineering and manufacturing firms are expected to perform well. This selective approach is driven by evolving global […]
Stock selection key as mid & smallcaps offer alpha opportunities: Pankaj Murarka
Indian stock markets are set for new peaks by the end of this year. Experts see a broad economic recovery, with financials leading the charge. Energy and consumption sectors are also expected to perform well. Investors should focus on individual stock selection, particularly in mid and small-cap segments. Long-term opportunities exist in the IT sector […]
HCL Tech’s margins and constant currency growth to remain under pressure: Aditya Shah
Market watchers responded cautiously to the latest quarterly numbers, which fell short of expectations in growth and margins. While new deal wins were announced, concerns linger about their quality and sustainability amid geopolitical uncertainties. The company’s forward guidance suggests performance may lean towards the lower end of projections.
India’s favourite retail stock to announce March qtr results today with bonus issue
Trent Ltd, a high-valuation Indian retailer, is poised to announce March quarter earnings, with investors keenly observing growth sustainability and profit margins. Despite aggressive store expansion, recent growth has slowed. Brokerages anticipate healthy revenue but mixed margin performance, with potential profit pressure due to cost dynamics and sales events.
HCL Tech tanks over 9% after weak Q4. JPMorgan, HSBC & 3 others cut targets
HCL Tech shares fell sharply after the March quarter results and FY27 guidance disappointed D-Street expectations. While Q4 profit and revenue grew YoY, sequential weakness and constant currency decline weighed on sentiment. The company guided for muted growth of 1–4% in FY27, citing weak discretionary demand and client-specific headwinds, prompting brokerages to trim targets.
Positive Breakout: These 14 stocks cross above their 200 DMAs
In the Nifty500 pack, 14 stocks’ closing prices crossed above their 200 DMA (Daily Moving Averages) on April 21, 2026, according to stockedge.com’s technical scan data. The 200-day daily moving average (DMA) is used by traders as a key indicator to determine the overall trend in a particular stock. As long as the stock is […]
Oil Price Today (April 22): Crude oil prices hover near $100 despite Iran war ceasefire extension. Here’s why
Crude oil prices saw little movement as President Trump extended a ceasefire with Iran, though Iran described the continued blocking of ships as an act of war. Shipping activity through the Strait of Hormuz remains stalled, with analysts expecting prices to remain supported and potentially spike if disruptions persist.
Trent set to announce its first-ever bonus issue today: What Zudio-parent’s 5 lakh shareholders should know
Trent (Zudio parent) is set to consider its first-ever bonus issue today, making it a key trigger for its nearly 5 lakh shareholders.
Oil prices turn lower as investors assess outlook for US-Iran peace talks
Brent crude futures were down 21 cents, or 0.2%, at $98.27 a barrel at 0039 GMT, after touching $99.38 earlier in the session. West Texas Intermediate futures fell 28 cents, or 0.3%, to $89.39, after climbing as high as $90.71.