NSE: HCLTECH | BSE: 532281

Falling Comet

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1389.50 4.40 (0.32%)

30.95% Fall from 52W High

2.3M NSE+BSE Volume

NSE 01 Oct, 2025 3:31 PM (IST)

377,063.8

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.

HCL Technologies Ltd.

22 Apr 2022

1389.50

0.32%

Result Update:HCL Technologies

Buy: HCL Technologies Ltd.

Target

Axis Direct

We recommend a BUY rating on the stock and assign a 20x P/E multiple to its FY24E earnings of Rs 67.4/share to arrive at a TP of Rs 1,345/share, indicating an upside of 22% from the CMP.

HCL Technologies Ltd. is trading below all available SMAs

HCL Technologies Ltd.

22 Apr 2022

1389.50

0.32%

Good growth in Services and outlook to aid valuations

Buy: HCL Technologies Ltd.

Target

Motilal Oswal

HCLT delivered a revenue growth of 1.1% QoQ CC in 4QFY22 (inline), with a strong growth in Services (+5% QoQ CC). However, the same was dragged down by its troubled Products and Platforms (P&P, -24% QoQ) vertical due to seasonality. It reported a good new deal TCV of USD2.26b (+6% QoQ). EBIT margin at 17.9% (-110bp QoQ) was in line, with a 180bp hit in the P&P business partially offset by an 80bp improvement in Services' margin. The management had initially guided at a FY23 revenue growth of 12-14%. It lowered its margin guidance to 18-20% (as against 19-21% guided in FY22)....

HCL Technologies Ltd. is trading below all available SMAs

HCL Technologies Ltd.

21 Apr 2022

1389.50

0.32%

HCL Technologies (BUY): Growth muted; TCV and guidance robust

Buy: HCL Technologies Ltd.

BOB Capital Markets Ltd.

Q4 revenue growth of 0.5% QoQ USD underperformed our estimate owing to a double-digit slowdown in Mode-3 business

HCL Technologies Ltd. has an average target of 1735.08 from 12 brokers.

HCL Technologies Ltd.

18 Jan 2022

1389.50

0.32%

HCL TECHNOLOGIES LTD

Buy: HCL Technologies Ltd.

Target

Geojit BNP Paribas

HCL Technologies Ltd. provides software development business process outsourcing, information technology and infrastructure services. Company is spread across 52 countries with 197,000+ employees and its client base,...

HCL Technologies Ltd. is trading below all available SMAs

HCL Technologies Ltd.

17 Jan 2022

1389.50

0.32%

HCL Technologies

HCL Technologies Ltd.

SMC online

Net sales (including other operating income) of HCL Technologies has increased 8.11% to Rs 22331 crore. Operating profit margin has declined from 24.31% to 24.15%, leading to 7.39% rise in operating profit to Rs 5,393.00 crore. Purchase of finished goods cost rose from 1.32% to...

HCL Technologies Ltd. has an average target of 1735.08 from 12 brokers.

HCL Technologies Ltd.

17 Jan 2022

1389.50

0.32%

Result Update:HCL Technologies

Buy: HCL Technologies Ltd.

Target

Axis Direct

We recommend a BUY on the stock and assign a 24x P/E multiple to its FY24E earnings of Rs 67.4/share which gives a TP of Rs 1,600/share, indicating an upside of 20% from CMP.

Number of FII/FPI investors decreased from 1480 to 1464 in Jun 2025 qtr

HCL Technologies Ltd.

16 Jan 2022

1389.50

0.32%

Q3FY22 Result Update - Solid revenue growth but weak margin profile - BUY

Buy: HCL Technologies Ltd.

Target

Prabhudas Lilladhar

QoQ CC) and IT Services (+4.7% QoQ CC) also reported strong growth. Strong new deal TCV of US$2.135 bn +64% YoY, strong deal pipeline (~10% QoQ, 20% YoY), continued strong headcount addition (+5.4% QoQ, 24% YoY) indicates IT Services and ER&D growth momentum will continue. Miss in EBIT margin at 19.0%, flat QoQ (Ple:19.3%, Cons:19.4%) was led by decline of 190bps QoQ in Services (IT + ER&D) margins due to wage hikes, supply side cost pressures, new project transition costs and seasonal leaves. This was offset by higher P&P margins (32%) led by revenue growth leverage....

Number of FII/FPI investors decreased from 1480 to 1464 in Jun 2025 qtr

HCL Technologies Ltd.

15 Jan 2022

1389.50

0.32%

Growth acceleration to compensate for margin hit

Buy: HCL Technologies Ltd.

Target

Motilal Oswal

HCLT delivered an exceptionally strong revenue growth of 7.6% QoQ CC in 3QFY22, 310bp above our estimate, led by its troubled Products and Platforms (P&P, +24.5% QoQ) vertical, which did exceptionally well despite benefitting from seasonality and deal spill over from 2QFY22 (600bp impact). Its Services verticals (IT Services/ER&D up 4.7%/8.3% QoQ CC) continued to clock strong growth and was ahead of our estimate. HCLT reported strong new deal TCV of USD2.1b (flat QoQ, +64% YoY). EBIT margin at 19% (flat QoQ) missed our estimate by only 40bp, but was...

Number of FII/FPI investors decreased from 1480 to 1464 in Jun 2025 qtr

HCL Technologies Ltd.

14 Jan 2022

1389.50

0.32%

HCL Technologies (BUY): Major growth beat; mode-3 drives momentum

Buy: HCL Technologies Ltd.

Target

BOB Capital Markets Ltd.

HCL Tech (HCLT) reported stellar growth of 6.7% QoQ USD, beating our estimate of 3.5%

HCL Technologies Ltd. is trading below all available SMAs

HCL Technologies Ltd.

21 Dec 2021

1389.50

0.32%

Company Update - Deep Value! - BUY

Buy: HCL Technologies Ltd.

Target

Prabhudas Lilladhar

Strong headcount addition (+23% YoY) over last four quarters and lower attrition compared to Tier-1 peers, indicate well prepared supply side engine. HCLT is well positioned to deliver strong growth in IT Services and ER&D given 1) improving deal TCV, 2) broad-based nature of growth across service lines with ability to win integrated apps+infra deals, 3) improving client metrics, 4) investments in digital engineering and 5) strengthening of sales...

Number of FII/FPI investors decreased from 1480 to 1464 in Jun 2025 qtr

Is HCL Technologies Ltd. worth buying?

1849 Votes:

Buy 85.34%

Sell 7.63%

Hold 7.03%

RESEARCH REPORTS

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