Both TCS and HCL Technologies bounced back from early losses on Tuesday, ending the session with small gains after their Q3 FY26 earnings were released.
Market reaction
The broader market also turned green, with the BSE Sensex and NSE Nifty recovering from morning dips.
TCS shares
TCS was trading around ₹3,258, up about 0.6% by noon. The stock had fallen earlier in the day over worries about limited growth visibility, but the later rise suggests some investors used the dip to add to their positions.
HCL Technologies shares
HCL Tech recovered to about ₹1,670, a modest 0.15% gain after dropping more than 2% earlier. The fall came despite strong operational results and a higher guidance, as brokers warned of near‑term upside constraints.
Analyst views
- Both companies showed steady execution, solid deal pipelines, and stable margins.
- Analysts remain cautious because of uncertain growth momentum and short‑term earnings pressure.
- For TCS, concerns include muted overseas demand and unclear growth acceleration.
- For HCL Tech, seasonality in the products business and valuation levels temper optimism.
Long‑term outlook
Even with the midday bounce, the stocks are still down over the past year—TCS about 24% and HCL Tech around 16%. Investors are watching whether new deals, demand trends, and AI‑driven projects can spark a lasting recovery.
Disclaimer
Remember, this is just a perspective, not a prediction. Do your own research or consult a certified expert before making any investment decisions.