India's HCLTech slides on lower operating margin forecast

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Shares of HCLTech dropped about 3 per cent on Tuesday after India's No.3 software services provider lowered its annual operating margin forecast, dampening hopes of a rebound in client spending across the sector.

On Monday, HCLTech reduced its annual operating margin forecast to a range of 17 per cent to 18 per cent from a previous projection of 18 per cent to 19 per cent for fiscal year 2026.

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