TCS and HCL Tech Share Price Bounce Back by Noon Amid Market Rebound

Market Performance Overview

On Tuesday, IT heavyweights Tata Consultancy Services (TCS) and HCL Technologies recovered from early losses to trade higher by midday, reflecting a stabilizing sentiment in the Indian stock market today.

The BSE Sensex and NSE Nifty erased morning declines to edge into positive territory, giving a tailwind to the IT sector. Investors appeared to digest the initial impact of Q3 FY26 earnings releases, which had sparked early caution in the market.

TCS Share Price Movement

• Around noon, TCS shares were trading at Rs 3,258.1, up 0.6%, reversing early losses seen in the morning.
• The stock had risen 1.1% in the previous session ahead of the earnings announcement, indicating some investor interest before results.
• Early weakness in trade was seen as a selective buying opportunity for some market participants.

The intraday recovery highlights a renewed interest in the stock after initial selling post-Q3 results.

HCL Technologies Share Price Movement

• HCL Tech shares climbed 0.15%, reaching Rs 1,670.1 by midday.
• The stock had fallen more than 2% in early trade following its Q3 results release.
• Operational performance remained strong, and the stock bounced back as market sentiment stabilized.

This rebound illustrates that initial post-results declines were temporary, with investors returning to the stock by noon.

Company Performance Snapshot

Both TCS and HCL Tech showed resilience in their Q3 FY26 numbers, reflecting steady operations and strong fundamentals:

• Revenue & Operational Performance: Both companies maintained healthy deal pipelines and consistent execution across business segments.
• Margins: Margins remained stable despite near-term market uncertainties.
• Investor Sentiment: While initial caution impacted early trade, midday recovery points to renewed confidence in operational stability.

Year-on-year stock movement:

• TCS has declined over 24% in the past year.
• HCL Tech has fallen more than 16% over the same period.

This trend keeps investor focus on whether current performance can translate into longer-term growth stability.

Summary

The midday rebound in TCS and HCL Tech shares reflects a market that is gradually stabilizing after the initial shock of Q3 results. Both companies demonstrated operational strength and steady margins, even though broader concerns around near-term growth persist.

• TCS: Rs 3,258.1, up 0.6%
• HCL Tech: Rs 1,670.1, up 0.15%
• BSE Sensex & NSE Nifty: Recovered into positive territory

Investors are watching closely to see how these IT giants maintain steady growth while navigating the volatility of the broader market.

Source: Moneycontrol