<ul data-eligibleForWebStory="false"><li>HCLTech's shares were downgraded to 'Reduce' by Dolat Capital following muted Q1 results.</li><li>HCLTech reported a revenue of $3,545 million, down 0.8% QoQ in CC terms and up 1.3% in USD terms.</li><li>Despite a Q1 miss, HCLTech raised its revenue guidance for FY26 to 3-5% CC growth, citing existing order book visibility and strategic partnerships.</li><li>Dolat Capital mentioned that while the revenue guidance revision adds comfort, the downward revision in OPM may lead to near-term earnings pressure.</li></ul>

HCLTech Shares Downgraded To 'Reduce' By Dolat Capital Post Muted Q1 Results — Check Target Price

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