- By Aditya Pratap Singh
- Wed, 22 Apr 2026 12:06 PM (IST)
- Source:JND
The Indian IT stock plummeted sharply in intraday trade on Wednesday, led by HCL Technology, whose shares tanked over 10 per cent after the IT giant posted subdued earnings in the fourth quarter of the last financial year. Other Heavyweights, including Tech Mahindra, Infosys, LTM, TCS and Wipro, were down up to 5.5 per cent amid persistent selling pressure as investors fear business loss due to the advent of AI tools, especially by Antropic.
In early trade, all participants of the BSE Focused IT index were trading in negative territory as the Index quoted 1,368.90 points or 3.68 per cent lower at 35,858.68 at around 11:30 AM.
IT Stocks Today
HCL Tech Share Price
The shares of HCL Tech nosedived over 10 per cent during the early session to hit a day's low at 1,292.05 as compared to last day's closing of Rs 1,441.55 on BSE. The IT stock started the session in red at Rs 1,344.05 after the company posted lower-than-expected earnings reports for Q4.
The Noida-based company reported the consolidated net profit for the quarter at Rs 4,488 crore, up 4.20 per cent year-on-year (YoY). Meanwhile, its revenue from the operation stood at Rs 33,981 crore, up 12.34 per cent from Rs 30,246 crore in the same quarter a year ago.
At the time of writing, HCL Tech was trading at Rs 1,294.80, down 10.18 per cent, respectively.
Tech Mahindra Shares Today
The shares of IT heavyweight 'Tech Mahindra' plummeted over 5 per cent during the session amid selling pressure. Last seen, the stock was trading at Rs 1,417, down 83.35 points or 5.56 per cent from the last day's closing fo Rs 1,500.35 on BSE.
Infosys Share Price
The shares of Infosys plunged over 4 per cent during the intraday trade. At the time of writing, the stock was trading at Rs 1,259.35, down Rs 53.75 or 4.09 per cent.
TCS Share Price
The shares of India's biggest IT company, Tata Consultancy Services (TCS), dipped over 3 per cent in the day. At around 11:53 AM, the stock was quoted at Rs 2,535, down Rs 75.55 points or 2.89 per cent.
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Other IT Stocks
LTM (L&T Mindtree) was trading over 3.5 per cent down at Rs 4,581.60 per share, and Wipro was quoted at Rs 203.05, down 0.98 per cent. Meanwhile, Coforge (5.4 per cent), KPI Tech (2.7 per cent), and Tata Tech (down 1.73 per cent) were trading significantly down.
Disclaimer: This story is for informational purposes only. It should not be considered as investment advice.