IT stocks sell-off continues after nearly all largecap names disappoint the Street

Looking ahead, guidance for FY27 remains modest. HCLTech expects revenue growth of 1-4% with EBIT margins of 17.5%-18.5%, while Infosys has guided for 1.5%-3.5% growth with operating margins of 20%-22%. Wipro’s near-term outlook remains weak, with Q1FY27 guidance at -2% to 0%.