NSE: HCLTECH | BSE: 532281

Strong Performer, Getting Expensive

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1665.00 -2.60 (-0.16%)

High volume today

NSE 13 Jan, 2026 3:31 PM (IST)

451,825.2

Market Cap

High in industry

Beta 1Year

Very 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.

13 Jan 2026

1665.00

-0.16%

HCL Technologies: Q3FY26 Result Review

Hold: HCL Technologies Ltd.

IDBI Capital

HCL Technologies delivered a standout Q3FY26, driven by resilient growth, strong deal bookings, and expanding AI leadership. Revenue rose 4.8% CC YoY to USD 3.8bn, supported by balanced momentum across services including engineering & software. ER&D services remained the key growth engine, reflecting rising demand for advanced AI, Physical AI, and custom silicon solutions. Net new bookings surged to USD 3bn, the highest in four years, highlighting sustained client confidence. Margins improved sequentially, backed by disciplined cost management and operating leverage which were partially offset by wage hikes and restructuring...

HCL Technologies Ltd. has an average target of 1725.25 from 12 brokers.

HCL Technologies Ltd.

13 Jan 2026

1665.00

-0.16%

HCL Technologies

Hold: HCL Technologies Ltd.

Target

ICICI Direct

delivering industry-leading capabilities centered around digital, engineering, cloud and AI, powered by a broad portfolio of technology services and products. Q3FY26 Performance: HCLTech reported revenue of US$3,793 mn, up 4.1% QoQ/ 7.4% YoY (in CC terms up 4.2% QoQ/ 4.8% YoY). The services business was up by 1.8% QoQ/5% YoY CC. EBIT margin at 18.6% (ex-one-time impact from new labour code of 956 crore), was up ~118 bps QoQ, Services (IT & Business services and ER&D services) margin stood at 16.4%, down ~10 bps QoQ. PAT stood at 4,795 crore, up 13.2% QoQ/ 4.4% YoY while ex-one-time impact from new labour code of...

HCL Technologies Ltd. is trading above all available SMAs

HCL Technologies Ltd.

13 Jan 2026

1665.00

-0.16%

Q3FY26 – Strong growth, solid deal wins, margins impacted by investments.

Hold: HCL Technologies Ltd.

Target

Deven Choksey

HCL Tech posted a strong Q3 FY26 with broad-based growth, solid deal wins, and margin expansion. The company reaffirmed its Services growth guidance to 4–5% YoY CC, maintaining overall guidance at 3–5% YoY CC, and EBIT margin at 17–18% despite near-term wage headwinds.

HCL Technologies Ltd. is trading above all available SMAs

HCL Technologies Ltd.

12 Jan 2026

1665.00

-0.16%

Another solid quarter

Buy: HCL Technologies Ltd.

Target

Motilal Oswal

HCL Technologies (HCLT) reported 3QFY26 revenue of USD3.8b, up 4.2% QoQ CC, above our estimate of 2.3% QoQ CC growth. EBIT margin came in at 18.6% vs. our estimate of 18.1%.

IDBI Capital released a Hold report for HCL Technologies Ltd. with a price target of 1725.0 on 13 Jan, 2026.

HCL Technologies Ltd.

29 Oct 2025

1665.00

-0.16%

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 at high day volume of 7.1M.

HCL Technologies Ltd.

14 Oct 2025

1665.00

-0.16%

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 at high day volume of 7.1M.

HCL Technologies Ltd.

14 Oct 2025

1665.00

-0.16%

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 at high day volume of 7.1M.

HCL Technologies Ltd.

14 Oct 2025

1665.00

-0.16%

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 1725.25 from 12 brokers.

HCL Technologies Ltd.

14 Oct 2025

1665.00

-0.16%

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 1725.25 from 12 brokers.

Is HCL Technologies Ltd. worth buying?

1888 Votes:

Buy 85.17%

Sell 7.73%

Hold 7.1%

RESEARCH REPORTS

Hold SEE REPORTS >

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Hold SEE REPORTS >

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