Shares of HCLTech $HCLTECH.NS experienced an 8% increase on Wednesday following the company's announcement of a robust revenue growth forecast. This optimistic outlook stands in stark contrast to the more cautious predictions made by larger competitors within the Indian IT sector, including Infosys $INFY and Wipro $WIPRO.NS. As the sector grapples with the looming potential for growth deceleration, largely due to U.S. tariff policies, HCLTech's optimistic projections have captured considerable attention.

Wipro $WIPRO.NS , one of India's leading IT service providers, reported mixed Q4 results amid a challenging macroeconomic environment. The company’s consolidated revenue rose by 1.3% to 225.04 billion rupees (approximately 2.63 billion USD), falling just short of analysts’ expectations of 226.21 billion rupees, according to LSEG data. Global economic uncertainty has notably affected customer spending, thereby impacting overall performance.