Contrasting Q2 stories of two tech giants of India
- Wipro has to face more challenges in a slowdown but HCL Technologies would also be hurt if a recession occurs.
Information technology (IT) services provider Wipro Ltd’s stock closed 7% lower on Thursday. On the other hand, shares of competitor HCL Technologies Ltd rose 3%. The Street’s response comes after the two companies announced their September quarter (Q2FY23) results on Wednesday post market hours.