NSE: HCLTECH | BSE: 532281

Mid-range Performer

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1634.20 -8.70 (-0.53%)

25.44% Gain from 52W Low

1.2M NSE+BSE Volume

NSE 02 Dec, 2025 12:39 PM (IST)

443,467.2

Market Cap

High in industry

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.

15 Jul 2025

1634.20

-0.53%

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.

Number of FII/FPI investors decreased from 1464 to 1342 in Sep 2025 qtr

HCL Technologies Ltd.

15 Jul 2025

1634.20

-0.53%

HCL Technologies: Q1FY26 Result Review

Hold: HCL Technologies Ltd.

Target

IDBI Capital

HCLTech delivered 3.7% YoY revenue growth despite a seasonal 0.8% sequential dip, driven by strong demand in technology, telecom, retail, and financial services, with solid performance in Europe and the Rest of the World. Operating margins declined to 16.3% due to lower utilization from early hiring, a client bankruptcy, and continued investments in GenAI and go-to-market capabilities. Services grew 4.5% YoY, while software revenue declined 3%YoY. Bookings totaled USD 1.8bn, with two large deals delayed to Q2, supporting confidence in near-term growth. Company deepened its AI-led strategy through partnerships...

HCL Technologies Ltd. is trading above all available SMAs

HCL Technologies Ltd.

14 Jul 2025

1634.20

-0.53%

Soft Q1, treading steady growth path amid margin challenges

Buy: HCL Technologies Ltd.

Target

Sharekhan

HCL Tech reported revenues of $3,545 million, up 1.3% q-o-q/5.4% y-o-y in line with our estimate of $3,543 million. In CC terms, revenue growth in Q1FY26 was down 0.8% q-o-q/up 3.7% y-o-y.

HCL Technologies Ltd. is trading above all available SMAs

HCL Technologies Ltd.

14 Jul 2025

1634.20

-0.53%

Continues to impress despite margin hiccup

Buy: HCL Technologies Ltd.

Target

Motilal Oswal

HCL Technologies (HCLT) reported 1QFY26 revenue of USD3.5b, down 0.8% QoQ CC vs. our estimate of 1.2% QoQ CC decline.

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

HCL Technologies Ltd.

17 May 2025

1634.20

-0.53%

HCL Technologies Ltd Tgt 1916

Buy: HCL Technologies Ltd.

BP Wealth

HCL Technologies Ltd. is trading above all available SMAs

HCL Technologies Ltd.

13 May 2025

1634.20

-0.53%

HCL TECHNOLOGIES LTD

Hold: HCL Technologies Ltd.

Target

Geojit BNP Paribas

HCL Technologies delivered a strong performance in Q4FY25, driven by robust execution in IT services, healthy cash flows, and sustained momentum across key segments. The management remains cautiously optimistic about growth in FY26, acknowledging macroeconomic uncertainties while continuing to win large deals and forge strategic partnerships. The company has built a strong pipeline, particularly in AI, engineering, and digital services, backed by disciplined capital allocation and differentiated capabilities. Given its consistent execution, strategic focus, and strong...

HCL Technologies Ltd. is trading above all available SMAs

HCL Technologies Ltd.

23 Apr 2025

1634.20

-0.53%

FY26 guidance optimistic at top end; however, uncertainty prevails

Sell: HCL Technologies Ltd.

Target

ICICI Securities Limited

HCLT’s FY26 revenue organic guidance of 1–4% YoY CC appears optimistic at its upper end, implying -0.6% to 0.9% organic CQGR. It is supported by an exit growth rate of 1.6%. Management mentioned that it did not see any project deferral or rampdown due to tariff-related uncertainties in Q4FY25.

Number of FII/FPI investors decreased from 1464 to 1342 in Sep 2025 qtr

HCL Technologies Ltd.

23 Apr 2025

1634.20

-0.53%

HCL Technologies (HCLT IN) Q4FY25 Result Update Uncertainties...

Hold: HCL Technologies Ltd.

Target

Prabhudas Lilladhar

Strong deal wins in Q4 of USD 3bn with robust pipeline The operating performance was broadly in line with our estimates. The FY26 revenue outlook (2-5% YoY CC) assumes 100bps of inorganic element (HPE Assets). The organic guidance translates to a weak CQGR of (-0.1% to +0.9%), which assumes the execution delays and further deterioration of demand at the lower band of the guidance. We believe the company is highly exposed to tariff sensitive verticals (Manufacturing, Retail, Healthcare), while the ER&D...

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

HCL Technologies Ltd.

23 Apr 2025

1634.20

-0.53%

HCL Technologies (SELL): Revenue guidance seems a tad aggressive

Sell: HCL Technologies Ltd.

Target

BOB Capital Markets Ltd.

4QFY25 was peer beating. FY26 revenue guide assumes flattish CQGR at lower end; does not square up against the cautious commentary

Number of FII/FPI investors decreased from 1464 to 1342 in Sep 2025 qtr

HCL Technologies Ltd.

22 Apr 2025

1634.20

-0.53%

Subdued Q4, FY26 guidance reassuring amid uncertainty

Buy: HCL Technologies Ltd.

Target

Sharekhan

HCLTech reported revenue of $3,498 million, down 1% q-o-q/ up 2% y-o-y missing our estimates of $3,502 million in constant currency (CC) terms. Revenue in rupee terms stood at Rs. 30,246 crore, up 1.2% q-o-q/6.1% y-o-y.

Number of FII/FPI investors decreased from 1464 to 1342 in Sep 2025 qtr

Is HCL Technologies Ltd. worth buying?

1873 Votes:

Buy 85.1%

Sell 7.74%

Hold 7.15%

RESEARCH REPORTS

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Hold SEE REPORTS >

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