# Shares of HCL Tech plunged as much as 9.58% to the day’s low of Rs 1,303 on the NSE on Wednesday.

*business · news · 2026-04-22 · The Economic Times*

## Key points

- HCL Tech missed its FY26 revenue growth guidance, delivering 3.9% versus projected 4%-4.5%.
- FY27 guidance is for muted 1%-4% constant currency revenue growth, below street expectations.
- Reduced discretionary spending by two large US telecom clients led to weaker Q4 and outlook.
- Cancellation of two SAP projects further impacted revenue and margins for the quarter.

**Companies:** HCL Tech
**Countries:** India, United States

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/markets/stocks/earnings/hcl-tech-shares-tank-over-9-after-weak-q4-jpmorgan-hsbc-3-others-cut-target-price/articleshow/130431463.cms)

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