HCL Tech Q3 Net Profit Down 11% YoY, Should You Buy, Sell or Hold?

HCL Technologies reported an 11% YoY decline in Q3 net profit to Rs 4,076 crore, while revenue from operations grew 13% YoY to Rs 33,872 crore. Despite the decline, Nomura maintained a 'buy' call with a target price of Rs 1,810, while Goldman Sachs raised its target price to Rs 1,720. The company declared an interim dividend of Rs 12 per equity share for FY26.