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Why tech giants HCL Tech, TCS shares fell

Shares of HCL Technologies Ltd and Tata Consu ltancy Services Ltd (TCS) fell by 7.09% and 5.25%, respectively on Thursday, despite reporting higher-than-expected profits for the September quarter.

business Updated: Oct 18, 2013 12:02 IST
information technology

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.

Here's why this happened.

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