Key Highlight
HCLTech's recent positive quarterly results and Gartner recognition are tempered by sector weakness and a majority 'Hold' analyst sentiment, with institutional investors trimming stakes.
Snapshot
Summary
The market shows mixed signals with positive short-term returns but weakness in longer-term performance.
The company reported solid year-over-year growth in revenue and net profit for the latest quarter.
Analyst ratings are predominantly 'Hold', with a slight recent increase in 'Buy' and 'Hold' recommendations.
Institutional investors decreased their holdings slightly, while promoters maintain a dominant stake.
HCLTech received a Customers' Choice recognition from Gartner for the third consecutive year.
The company announced the expansion of its India footprint with a new Global Technology Center and an acquisition deal for Guardian India.
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Price & Volume
The market shows a positive 1-day return of 1.404% but a negative 5-day return of -0.033%.
The 1-month return is 5.078%, while the 3-month return is a significant -15.357%.
The price is currently 3.282% above its 50-day moving average and -10.469% below its 200-day moving average.
The RSI is at 60.65, indicating a strong but not overbought condition, and is in the 79.74th percentile over the past year.
Volume is below the 20-day average, suggesting lower trading activity recently.
Technicals
The market is exhibiting mixed signals. While short-term returns are positive, longer-term returns show weakness. The price is trading above the 50-day MA but below the 200-day MA, indicating a neutral to slightly bearish trend. Momentum is strong, with RSI in a healthy range and a bullish MACD crossover. However, volume is currently subdued. The price is trading near the upper Bollinger Band, suggesting potential overextension in the short term, but the Z-score indicates it's not excessively overbought. Valuation metrics show the P/E ratio is significantly below its 6-month average, while the P/B ratio is in line with its average.
Fundamentals
In Jun 2026 quarter, revenue was ₹34,579 Cr and net profit was ₹4,626 Cr.
Quarter-over-quarter, revenue increased by 1.76%, net profit by 3.029%, and EPS by 3.023%.
Year-over-year, revenue grew by 13.938%, net profit by 20.343%, and EPS by 20.339%.
Profitability shows a positive trend with YoY net profit growth of 20.343% and EPS growth of 20.339%.
Events
HCLTech has been recognized as a Customers' Choice in Gartner Peer Insights for Outsourced Digital Workplace Services for the third consecutive year. The company also announced the expansion of its India footprint with a new Global Technology Center in GIFT City and signed an acquisition deal for Guardian India for US$10.5 million. Additionally, HCLTech declared an interim dividend of ₹12 per equity share.