NSE: HCLTECH | BSE: 532281

Mid-range Performer

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1541.50 -8.30 (-0.54%)

1.8M NSE+BSE Volume

NSE 31 Oct, 2025 3:31 PM (IST)

418,311.5

Market Cap

High in industry

1.1

Beta 1Year

High Volatility

HCL Technologies Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for HCLTECH, BSE:532281 HCL Technologies Ltd.

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HCL Technologies Ltd.

29 Oct 2025

1541.50

-0.54%

HCL TECHNOLOGIES LTD

Hold: HCL Technologies Ltd.

Target

Geojit BNP Paribas

The company showcased strong strategic progress, marked by record deal wins, healthy client expansion, and increasing enterprise adoption of its proprietary AI and digital platforms. Growing traction in the modernisation programmes, deepened technology partnerships and consistent execution across key verticals highlight its strengthening market position. Management maintains growth and margin guidance, reflecting confidence in the demand environment, a scalable innovation pipeline and...

HCL Technologies Ltd. is trading below its 150 day SMA of 1547.9

HCL Technologies Ltd.

14 Oct 2025

1541.50

-0.54%

Q2FY26 – Strong quarter with broad-based growth, margin uptick, and record deal wins.

Accumulate: HCL Technologies Ltd.

Target

Deven Choksey

HCL Tech posted a strong Q2 FY26 with broad-based growth, solid deal wins, and margin expansion. The company raised its Services growth guidance to 4–5% YoY CC, maintaining overall guidance at 3–5% YoY CC, while reaffirming EBIT margin at 17–18% despite near-term wage headwinds.

HCL Technologies Ltd. is trading below its 150 day SMA of 1547.9

HCL Technologies Ltd.

14 Oct 2025

1541.50

-0.54%

HCL Technologies

Hold: HCL Technologies Ltd.

Target

ICICI Direct

Q2FY26 Performance: HCLTech reported revenue of US$3,644 mn, up 2.8% QoQ & 5.8% YoY (up 2.4% QoQ/ 4.6% YoY in CC terms). The services business was up by 2.5% QoQ/ 5.5% YoY CC. EBIT margin at 17.4%, was up ~110 bps QoQ. Services (IT & Business services and ER&D services) margin stood at 16.5%, up ~90 bps QoQ....

HCL Technologies Ltd. is trading below its 150 day SMA of 1547.9

HCL Technologies Ltd.

14 Oct 2025

1541.50

-0.54%

Result Update:HCL Technologies

Hold: HCL Technologies Ltd.

Target

Axis Direct

We recommend a HOLD rating on the stock.

HCL Technologies Ltd. has an average target of 1684.92 from 12 brokers.

HCL Technologies Ltd.

14 Oct 2025

1541.50

-0.54%

Robust Q2 earnings led by broad-based revenue growth

Hold: HCL Technologies Ltd.

Recommendation Target

ICICI Securities Limited

HCLT reported a strong beat on revenue driven by broad-based growth across key verticals. HCLT has quantified ‘Advance AI’ revenue of USD 100mn for Q2 (3% of overall revenue on annualised basis). It acknowledged the deflationary impact in renewal deals with a reduction in overall ACV in 5 out of 10 large deals.

HCL Technologies Ltd. has an average target of 1684.92 from 12 brokers.

HCL Technologies Ltd.

13 Oct 2025

1541.50

-0.54%

A standout quarter

Buy: HCL Technologies Ltd.

Target

Motilal Oswal

HCL Technologies (HCLT) reported 2QFY26 revenue of USD3.6b, up 2.4% QoQ CC vs. our estimate of 1.7% QoQ CC growth. EBIT margin came in at 17.4% vs. our estimate of 16.8%.

HCL Technologies Ltd. is trading above its 100 day SMA of 1534.6

HCL Technologies Ltd.

22 Jul 2025

1541.50

-0.54%

Becoming future ready

Buy: HCL Technologies Ltd.

Motilal Oswal

We hosted the management of HCL Technologies (HCLT) for a two-day NDR in London on 16th-17th Jul’25. Discussions focused heavily on GenAI, delivery model evolution, and margin outlook.

HCL Technologies Ltd. is trading below its 150 day SMA of 1547.9

HCL Technologies Ltd.

15 Jul 2025

1541.50

-0.54%

HCL Technologies Ltd. Q1FY26

Hold: HCL Technologies Ltd.

Deven Choksey

We have rolled forward our valuation to Jun’27 estimates. We value HCL Tech at
23.0x Jun’27 EPS (at +1 SD to 7-year avg NTM P/E), implying a target price of INR
1,693. HCL Tech is currently trading at a 1-year fwd. P/E of 24.0x (in-line with its 1- year Avg. NTM P/E). We reiterate our “HOLD” rating on the stock.