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.
Largecaps showing no fundamental change despite market bounce: Nischal Maheshwari
Market expert Nischal Maheshwari advises investors to focus on fundamentals amidst market volatility. He notes large-cap growth remains single-digit, banks are poised for margin improvement,