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HCL Tech crashes 10% as brokerages downgrade stock

The Times of IndiaRead the original24 Apr 2026

HCL Tech share price crashes over 10%; Rs 38,000 crore gone from market cap as brokerages downgrade stock. Multiple brokerages have downgraded HCL Tech, triggering a sharp selloff that wiped out ₹38,000 crore in market value. The 10%+ crash signals analyst concerns about growth trajectory and valuations. This is a significant trigger for F&O traders to reassess positions.

📊 STOCKS: $HCLTECH | 🏢 SECTOR: IT | #HIGHIMPACT #downgrade

#downgrade#IT#market_cap_erosion
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