HCL Technologies Shares Slide 20% Over Three Months Amid Market Underperformance

Shares of HCL Technologies Ltd. have experienced a general downward trend, closing around 30% below their 52-week high of 2,011 rupees reached in mid-January. Over the past month, the stock has dropped nearly 5%, with a significant decline of over 3% in the most recent week, reflecting ongoing negative sentiment among investors. Despite minor upswings on certain days, such as a 0.32% increase on Wednesday and a 0.27% rise on Friday, the overall performance remains weak. The stock has also underperformed relative to broader market indices like the BSE SENSEX, which has seen modest gains during the same periods. Trading volumes have remained notable, with around 30 lakh shares changing hands on some days. These trends indicate continued challenges for HCL Technologies in regaining investor confidence.