HCL Technologies (HCLTech) experienced a significant decline in its stock price, falling by 8.7% to an intra-day low of ₹1,316 on the Bombay Stock Exchange (BSE) after releasing its Q4FY26 results. The company's net profit for the quarter rose 4.2% year-on-year to ₹4,488 crore, while revenue increased 12.3% to ₹33,981 crore. However, the revenue growth guidance for FY27, set at 1-4%, marked the lowest expectations in six years, disappointing analysts and leading to multiple target price cuts by brokerages. Nomura reduced its target to ₹1,600, while Motilal Oswal lowered theirs to ₹1,650, citing the company's inability to meet revenue and margin estimates. Additionally, HCLTech flagged a potential 2-3% deflationary impact on revenues due to generative artificial intelligence, which could further affect the broader industry. Despite these challenges, some analysts maintain a long-term positive outlook, citing HCLTech's resilience in engineering and infrastructure management.