Q4 Results LIVE Updates: HCLTech, IT stocks may see pressure; Trent numbers today
Tata Elxsi's Q4 results missed expectations, causing its shares to drop 4%. The IT sector is under pressure, with other stocks like Tech Mahindra and Infosys also seeing declines.
Tata Elxsi's shares fell 4% after its Q4 results missed expectations, with constant currency revenue growth at 0.9%, lower than the 1.5% estimate. Despite margin strength, the company's revenue growth guidance for FY26 was not met, standing at 3.9% against the guided 4-4.5%. The IT sector is facing pressure, with eight out of the top 10 declining stocks on the Nifty 500 being IT names. Other IT stocks like Tech Mahindra, Persistent Systems, and Infosys also saw declines between 2-4%. Analysts have downgraded Tata Elxsi, with 11 out of 18 having a 'sell' rating. The stock had already corrected 19% from its 52-week high before today's session.
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