HCL Tech MTF Positions Surge 5x to Rs 715 Cr After Q4 Miss

After HCL Technologies Limited reported its fourth-quarter results on 21 April, the stock shed up to 17% across three sessions between 22 and 24 April, as investors reacted to a guidance miss and weaker-than-expected constant currency growth.

The scale of the fall drew in leveraged buyers. Margin Trading Facility (MTF) data from the National Stock Exchange showed that leveraged positions on HCLTech rose fivefold in just three days, climbing from Rs 148 crore at the close of 21 April to Rs 715 crore by the end of trade on 24 April. The stock’s MTF rank jumped from 186th on the exchange to 22nd over the same period, reflecting a sharp build-up of debt-funded buying as the stock fell.

The results themselves were a miss on multiple fronts. HCLTech guided for constant currency revenue growth of 1% to 4% in the financial year 2027, below the street’s expectation of a wider and higher range. Its Q4 constant currency growth came in at -3.3%, worse than the -1% the market had pencilled in.

The stock snapped its three-day losing streak on Monday, rising 2% as IT stocks staged a small rebound from lower levels.

On Tuesday, 28 April, shares of HCL Technologies were down by 0.88% at Rs 1,217.40 on NSE as of 10:31 am, against a previous close of Rs 1,228.20. The 52-week high stands at Rs 1,780.10, while the 52-week low is Rs 1,198.10, recorded on 24 April. Over the past year, the stock has been down 21.07%.

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