India's HCLTech jumps on strong revenue growth outlook
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 23 2025
0mins
Source: Reuters
HCLTech's Strong Performance: HCLTech shares surged 8% after the company projected a revenue growth of 2% to 5% for fiscal 2026, contrasting with weaker forecasts from competitors like Infosys and Wipro amid concerns over U.S. tariffs impacting the IT sector.
Market Reaction and Future Outlook: Analysts expect HCLTech to outperform major rivals, with the company's CEO highlighting opportunities in generative AI and cost-reduction technologies, contributing to a positive market response reflected in gains across the Nifty IT index.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
