HCLTECH

HCLTech is currently in focus after the stock witnessed sharp selling pressure following a weaker-than-expected revenue outlook and cautious guidance from management. The stock corrected significantly as brokerages turned cautious on near-term growth prospects. Why the Stock is in News The company issued muted growth guidance, raising concerns about demand in key IT segments. Several brokerages downgraded the stock after results. The stock saw a notable decline, dragging the broader IT sector sentiment. HCLTech remains a fundamentally strong IT player, but the recent correction indicates short-term sentiment weakness. The stock may remain volatile until clarity emerges on growth visibility and deal wins. Key Levels to Watch: Support: ₹1,300 – ₹1,320 Resistance: ₹1,420 – ₹1,450 Trend: Short-term bearish, long-term structurally positive