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Shares of HCL Technologies (HCLTech) surged as much as 7% in Wednesday’s trade, emerging as the top gainer on the Nifty 50 index
HCL Tech Share Price
HCLTech Share Price Today: Shares of HCL Technologies (HCLTech) surged as much as 7% in Wednesday’s trade, emerging as the top gainer on the Nifty 50 index. The rally came after the company posted its March quarter results, which were largely in line with street expectations, boosting investor sentiment around the stock.
Shares of HCL Technologies surged over 6% on Wednesday, making it the top gainer on the Nifty 50, after the company reported largely in-line results for the March quarter of FY25. The stock’s rally comes amid growing optimism about its deal wins and consistent execution despite a challenging global environment.
The IT major reported an 8% year-on-year (YoY) rise in net profit to Rs 4,307 crore in Q4FY25, compared to Rs 3,986 crore in the same period last year. Revenue from operations rose 6% YoY to Rs 30,246 crore, while on a sequential basis, revenue was up 1% and net profit declined 6%.
HCLTech reported a strong total contract value (TCV) of $3 billion in the fourth quarter, driven by its AI-led offerings and the implementation of a new integrated go-to-market (GTM) strategy introduced earlier in the fiscal year. Commenting on the performance, C Vijayakumar, CEO and MD of HCLTech, said, “The strength of our execution positions us well to capture medium-term opportunities emerging from global uncertainties, even as we navigate the short term with caution.”
For FY26, the company expects revenue growth of 2–5% in constant currency (CC), with a similar outlook for its services segment. EBIT margin guidance has been retained at 18–19%. In FY25, HCLTech’s revenue grew 6% to Rs 1.17 lakh crore, while constant currency revenue increased 4.7%. Net income for the year rose 11% to Rs 17,390 crore.
Analyst sentiment on the stock remains mixed. Out of 46 analysts covering HCLTech, 22 have a ‘Buy’ rating, 16 recommend ‘Hold’, and 8 have a ‘Sell’ rating. Brokerage firm Nuvama upgraded the stock to a ‘Buy’ from ‘Hold’, highlighting its attractive 4.2% dividend yield following a 23% correction in 2025. Nuvama also noted that HCLTech has delivered the highest revenue growth in the large-cap IT space for three consecutive years, and is poised to continue this trend in FY26. The firm set a target price of Rs 1,700.
On the other hand, Citi maintained a ‘Neutral’ rating with a target price of Rs 1,510, stating that while the Q4 performance was “decent,” the company’s FY26 guidance implies flat growth across quarters. Citi adjusted its FY26 and FY27 earnings per share (EPS) estimates downward by 2% and revised its valuation multiple to 22x from 23x.
Morgan Stanley retained its ‘Equal-weight’ rating with a target price of Rs 1,600, estimating organic revenue growth of 1–4% YoY in constant currency terms, while EBIT margin guidance remains in line with expectations.
As of Wednesday, HCLTech shares were trading 6.16% higher at Rs 1,571.10, though the stock remains down 18% year-to-date.
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