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HindustanTimes Mon,24 Nov 2014

Why tech giants HCL Tech, TCS shares fell

Mobis Philipose   October 18, 2013
First Published: 10:08 IST(18/10/2013) | Last Updated: 12:02 IST(18/10/2013)

Results of information technology (IT) services companies have been great; but they evidently haven’t been good enough. Shares of HCL Technologies Ltd and Tata Consultancy Services Ltd (TCS) fell by 7.09% and 5.25%, respectively on Thursday, despite reporting higher-than-expected profits for the September quarter.

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Here's why this happened.

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