| Invalid Username / Password | ||||||||
| Invalid Captcha | ||||||||
|
||||||||
| Sign Up | Forgot Password? | ||||||||
Indian markets saw a weak opening in trade today, with the Sensex down over 900 points and the Nifty down over 250 points.
Nifty IT was the top loser in trade, with Nifty IT down 4.7%.
Amid This one stock that is in focus today is HCL Technologies'. The stock tumbled over 5% in trade today.
HCL Technologies' performance has been challenging. The stock has remained under sustained pressure throughout the month. It has declined nearly 22% in the last month.
At the current level of Rs 1,343, it is trading 25% below its 52-week high.
Here is why stock is falling.
Anthropic AI released a new update on Monday, which could reduce the need for COBOL (Common Business-Oriented Language). This was mostly used by consulting firms.
Following the release, IBM's share price declined 13% in trade on fears that Anthropic could perform complex coding & consulting work.
This development raised concerns about the potential reduction in demand for traditional IT services across the sector.
As a result, HCL Tech, along with other IT heavyweights like Infosys, TCS, Wipro, Mphasis, and Persistent Systems, saw their stock prices decline, reflecting broader fears over the impact of automation on revenue streams.
Going forward, according to FY25 annual report, HCL Tech plans to drive growth by offering differentiated services tailored to market needs.
The company aims to expand high-value offerings that enhance margins and strengthen client loyalty, leveraging deep expertise across key industry verticals.
HCL Tech is also focused on deepening relationships with strategic partners, including SAP, Microsoft, Pega, and Oracle, to enable clients to explore industry-specific applications and scale their AI initiatives.
These partnerships are expected to play a crucial role in expanding clients' AI programs and helping them remain at the forefront of technological innovation.
In the past five days, shares of HCL Tech have fallen by over 9% in trade.
Over the past month, the stock has declined by over 22%.
The company touched its 52-week high of Rs 1770 on 03 February 2026 and its 52-week low of Rs 1304 on 7 April 2025.
HCL Technologies is one of the fastest-growing IT services companies in the world.
The company offers IT and business services, engineering and R&D services and various products and platforms to its diversified client base across 46 countries.
It has laid down a blueprint for the growth of its digital business and divided its services into three modes to help its clients in their digital transformation.
To know more about HCL Technologies, check out HCL Tech's financial factsheet and its latest quarterly results. You can also compare HCL Technologies with its peers:
HCL Technologies vs Tech Mahindra
Investors should evaluate the company's fundamentals, corporate governance, and valuations of the stock as key factors when conducting due diligence before making investment decisions.
To know what's moving the Indian stock markets today, check out the most recent share market updates here.
Happy investing.
Disclaimer: This article is for information purposes only. It is not a stock recommendation and should not be treated as such. Learn more about our recommendation services here...
Enter your email to continue reading on Equitymaster.
Important: We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
By submitting your email address, you also sign up for Profit Hunter, a daily newsletter from Equitymaster covering exciting investing ideas and opportunities in India.
Before we send you your premium report, please go to your inbox and look for confirmation email from us.
Watch out for the subject line 'Verify Your Email for Equitymaster – Your OTP Inside'
If you don't find it in your inbox, please check your spam/junk folder.
Since 1996, Equitymaster has been the source for honest and credible opinions on investing in India. With solid research and in-depth analysis Equitymaster is dedicated towards making its readers- smarter, more confident and richer every day. Here's why hundreds of thousands of readers spread across more than 70 countries Trust Equitymaster.
Copyright © Quantum Information Services Private Limited.
Whitelist | Refer | Terms | Privacy | Contact | About | Sitemap
Quantum Information Services Private Limited
103, Regent Chambers, Nariman Point, Mumbai 400021
U65990MH1989PTC054667
Ms. Sonal Ramachandran
| Telephone No.: +91-22-61434003 | Email: compliance@equitymaster.comSEBI Registration No.: INH000021128 | Type of Registration: Non-Individual | Validity: Perpetual | BSE Enlistment No: 6769
Principal Officer: Tanushree Banerjee | Telephone No.:+91-22-61434055 | Email: po.ra@equitymaster.com
SEBI Registration No.: INA000000680 | Type of Registration: Non-Individual | Validity: Perpetual | BSE Enlistment No: 1488
Principal Officer: Vivek Chaurasia | Telephone No.:+91-22-61434055 | Email: po.ria@equitymaster.com
SEBI Bhavan BKC
Address: Plot No.C4-A, 'G' Block Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra
Telephone No.: +91-22-26449000 / 40459000 | Fax: +91-22-26449019-22 / 40459019-22 | Email: sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575
SCORES: https://www.scores.gov.in/ | SMARTODR: https://smartodr.in/login
AMFI Registered Mutual Fund Distributor
AMFI Registration Number : ARN - 1022
Date of Initial Registration : 28 / JAN / 2008
Current Validity of ARN upto : 28 / JAN / 2028
LEGAL DISCLAIMER:
Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Registration granted by SEBI, enlistment with BSE as IA and RA, and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
All rights reserved. Any act of copying, reproducing or distributing any content from this website whether wholly or in part, for any purpose without the permission of Quantum Information Services Private Limited is strictly prohibited and shall be deemed to be copyright infringement.
Quantum Information Services Private Limited (QIS) is a SEBI registered Research Analyst (bearing registration no INH000021128) and Investment Adviser(Reg. No: INA000000680). Consequent upon the merger of Equitymaster Research Private Limited into QIS, effective October 30, 2025 QIS owns and operates brand 'Equitymaster' and website www.equitymaster.com. This does not constitute or is not intended to constitute an offer to buy or sell, or a solicitation to an offer to buy or sell financial products, units or securities and QIS including its employees, personnel, directors, associates will not be liable for any losses (direct or indirect) incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. All content and information is provided on an 'As Is' basis by QIS. Information herein is believed to be reliable but QIS does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. The services rendered by QIS are on a best effort basis. QIS does not assure or guarantee the user any minimum or fixed returns. The securities quoted, if any are for illustration only and are not recommendatory. Use of this information is at the user's own risk. The user must make his own investment decisions based on his specific investment objective and financial position and using such independent advisors as he believes necessary. This is not directed for access or use by anyone in a country, especially, USA, Canada or the European Union countries, where such use or access is unlawful or which may subject QIS or its affiliates to any registration or licensing requirement.
The performance data quoted represents past performance and does not guarantee future results. As a condition to accessing QIS's content and website, you agree to our Terms and Conditions of Use, available here

Equitymaster requests your view! Post a comment on "Why HCL Tech Shares Got Hammered Today". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!