HCL Technologies shares edge down in dismal market session
Updated
Updated · MarketWatch · Apr 30
HCL Technologies shares edge down in dismal market session
10 articles · Updated · MarketWatch · Apr 30
The stock slipped 0.06% to 1,198.95 rupees on Thursday as the BSE Sensex fell 0.75% to 76,913.50.
HCL underperformed peers, with Tata Consultancy Services down 0.03% and Wipro off 0.01% in the same session.
It closed 32.26% below its 52-week high of 1,770 rupees reached on 3 February, while trading volume of 242,710 stayed below the 50-day average of 258,531.
As traditional IT revenue shrinks, can HCL's heavy investment in AI spark a turnaround and win back investors?
Are soaring oil prices and global tensions creating a perfect storm for India's already struggling technology giants?
With AI causing job cuts across India's IT sector, is the nation's engine of employment on the verge of stalling?