HCLTECH

### Stocks in Focus **

** – HCL Technologies reported **Q1 FY27 results** and **revised its FY27 margin guidance lower**. While revenue remained supported by deal wins, the margin outlook will be closely tracked as it could influence sentiment across the broader IT sector. *(Neutral to Mildly Negative)* ** ** – Tata Elxsi reported **Q1 FY27 net profit of ₹170.6 crore**, up **18.2% YoY**, reflecting resilient operational performance despite a challenging demand environment. The earnings are expected to keep the stock in focus. *(Positive)* ** ** – RailTel secured a **₹264 crore Kavach order** from **East Central Railway**. The contract strengthens its railway safety order book and positions the company to benefit from India's railway modernisation and indigenous **Kavach** rollout. *(Strongly Positive)*