|
24 Dec 2025 |
HCL Technologies
|
Consensus Share Price Target
|
1679.90 |
1659.39 |
- |
-1.22 |
buy
|
|
|
|
|
12 Jan 2024
|
HCL Technologies
|
Sharekhan
|
1679.90
|
1780.00
|
1588.20
(5.77%)
|
Target met |
Buy
|
|
|
|
|
01 Nov 2023
|
HCL Technologies
|
Geojit BNP Paribas
|
1679.90
|
1386.00
|
1258.95
(33.44%)
|
Target met |
Hold
|
|
|
|
|
13 Oct 2023
|
HCL Technologies
|
IDBI Capital
|
1679.90
|
1165.00
|
1255.90
(33.76%)
|
|
Hold
|
|
|
|
|
13 Oct 2023
|
HCL Technologies
|
ICICI Securities Limited
|
1679.90
|
1295.00
|
1223.75
(37.27%)
|
Target met |
Accumulate
|
|
|
HCLT has reported weaker-than-expected revenue growth of 1% QoQ CC (vs I-SEC estimate of 1.9%) in Q2FY24 due to weakness in products and platform business (-4% QoQ CC). Revenue growth revived in services business with 0.9% QoQ growth in IT services and 5% (1.6% organic) QoQ CC growth in ER&D vs a decline in Q1FY24 (exhibit 4).
|
|
13 Oct 2023
|
HCL Technologies
|
SMC online
|
1679.90
|
|
1255.90
(33.76%)
|
|
Results Update
|
|
|
|
|
13 Oct 2023
|
HCL Technologies
|
Axis Direct
|
1679.90
|
1250.00
|
1255.90
(33.76%)
|
Target met |
Hold
|
|
|
Global uncertainties leading to delayed spending decisions pose a challenging environment to HCL Tech and will impact its performance in the near term. Moreover, supply-side constraints will take some more time to ease off. Hence, we recommend a HOLD rating on the stock.
|
|
13 Oct 2023
|
HCL Technologies
|
Motilal Oswal
|
1679.90
|
1410.00
|
1255.90
(33.76%)
|
Target met |
Buy
|
|
|
|
|
18 Jul 2023
|
HCL Technologies
|
Geojit BNP Paribas
|
1679.90
|
1262.00
|
1167.20
(43.93%)
|
Target met |
Hold
|
|
|
|
|
14 Jul 2023
|
HCL Technologies
|
IDBI Capital
|
1679.90
|
1100.00
|
1150.95
(45.96%)
|
Target met |
Hold
|
|
|
|
|
13 Jul 2023
|
HCL Technologies
|
ICICI Securities Limited
|
1679.90
|
1275.00
|
1108.80
(51.51%)
|
Target met |
Buy
|
|
|
HCL Tech (HCLT) has reported Q1FY24 revenue at US$3,200mn, down -1.1% QoQ in US$ and down 1.3% QoQ in CC terms below our/consensus estimate of 0%/0.8% QoQ CC growth. Softness in revenue growth was led by decline in ER&D (16% of revenue) by 5.2% QoQ CC, in IT and business services (75% of revenue) by 0.1% QoQ CC and in software products and platforms by 3.1% QoQ CC.
|
