TCS or HCL Tech for short-term after Q1FY24 results? Here is

TCS and HCL Tech reported lower-than-expected earnings in Q1FY24. TCS had its slowest start to a fiscal year since going public in 2004. TCS reported a 16.84 per cent YoY rise in net profit, but a 2.8 per cent QoQ decline. HCL Tech's net profit rose 7.65 per cent YoY but declined 11.27 per cent QoQ.

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