HCL Tech Shares Slide 2% Post Q3 Results: What's Next for Investors?

• HCL Tech shares dropped over 2% after Q3 FY26 results, erasing pre-results gains and down 16% over the past year.
• Consolidated net profit for Q3 FY26 declined 11% YoY to Rs 4,076 crore; revenue rose 13% YoY to Rs 33,872 crore.
• Company projects FY26 revenue growth of 4-4.5% in constant currency and an EBIT margin of 17-18%.
• Brokerages like Citi, HSBC, and CLSA maintained 'Neutral' or 'Hold' ratings, citing valuation and seasonal risks.
• Nomura issued a 'Buy' rating with a target of Rs 1,810, confident in HCL Tech's AI-led growth strategy.

Why It Matters: HCL Tech shares fell post Q3 results, with mixed brokerage views on future performance despite strong operational metrics.