An international provider of IT services, HCL Technologies Ltd. is based in Noida, India. HCL, a multinational firm with operations in more than 50 nations, was founded in 1976. The business provides clients in a variety of industries, including healthcare, banking, retail, and manufacturing, with a wide range of services, including IT consulting, software development, engineering services, and digital solutions. Experts in the field have praised HCL for its capacity to revolutionise businesses utilising cutting-edge technologies like artificial intelligence, blockchain, and cloud computing. HCL is noted for its creative approach to technology. HCL is dedicated to providing value to its clients and fostering growth through technological innovation. It has over 168,000 people worldwide.
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Contents
HCL TECH IN RECENT NEWS
- HCL Tech recorded a net profit of Rs. 3,534 crore in Q1 FY24, indicating a year-on-year growth of 7.6%. However, there was a sequential decline of 11.2% attributed to ramp downs in deals and verticals, particularly in Hi-tech and telecom sectors.
- HCL Technologies’ stock experiences volatile trading ahead of the Q1FY23 results. Analysts anticipate disappointing financial performance, attributing it to the market downturn and the cancellation of ER&D projects.
- HCL Tech’s board of directors announced an interim dividend of Rs. 10 per equity share for the fiscal year 2023-24. The dividend is scheduled to be paid on August 1, 2023, and the record date for determining eligible shareholders is set for July 20, 2023.
- HCL Technologies achieved a remarkable Profit After Tax of Rs. 14,851.0 crore, demonstrating an impressive Net Profit Compound Annual Growth Rate (CAGR) of 10.22%.
HOW TO BUY HCL TECHNOLOGIES LTD SHARES?
HCL Technologies shares are available for purchase on various trading platforms, including:
1. Zerodha
2. Upstox
3. Groww
4. AngelOne
5. ICICIDirect
HCL TECH SHARE PRICE TARGET 2023
| HCL TECH SHARE PRICE TARGET 2023 | Maximum Price | Minimum Price |
| August 2023 | ₹1,180.34 | ₹1,073.03 |
| September 2023 | ₹1,207.48 | ₹1,073.03 |
| October 2023 | ₹1,172.31 | ₹1,065.74 |
| November 2023 | ₹1,195.76 | ₹1087.06 |
| December 2023 | ₹1231.63 | ₹1,119.67 |
It is evident that the company is expected to experience bullish growth throughout the year. The maximum and minimum prices of the company’s shares are predicted to fluctuate throughout the year, but the overall trend shows a steady uptick.
The growth percentage of HCL Technologies Ltd. is predicted to be robust, with the maximum price for December 2023 projected to reach ₹1231.63, which is a significant increase from the minimum price of ₹1,119.67 in the same month. This upward trend is expected to continue throughout the year, with the company’s shares predicted to see a steady increase in value.
HCL TECH SHARE PRICE TARGET 2024
| HCL TECH SHARE PRICE TARGET 2024 | Maximum Price | Minimum Price |
| January 2024 | ₹1,296.46 | ₹1,127.35 |
| February 2024 | ₹1,336.55 | ₹1,162.22 |
| March 2024 | ₹1,350.05 | ₹1,173.96 |
| April 2024 | ₹1,227.32 | ₹1,067.24 |
| May 2024 | ₹1,152.41 | ₹1,002.10 |
| June 2024 | ₹1,382.90 | ₹1,202.52 |
| July 2024 | ₹1,313.75 | ₹1,142.39 |
| August 2024 | ₹1,445.13 | ₹1,256.63 |
| September 2024 | ₹1,517.38 | ₹1,319.46 |
| October 2024 | ₹1,459.02 | ₹1,268.72 |
| November 2024 | ₹1,531.97 | ₹1,332.15 |
| December 2024 | ₹1,562.61 | ₹1,358.80 |
The maximum price target for the year is projected to reach ₹1,562.61 in December 2024, while the minimum price target for the same month is predicted to be ₹1,358.80 Throughout the year, HCL Technologies Ltd is expected to experience consistent growth, with the company’s share price target showing a steady increase in value. The bullish trend is expected to continue throughout the year, with the maximum and minimum price targets fluctuating throughout the months.
Investors looking to capitalize on HCL Technologies Ltd’s projected growth can use the maximum and minimum share price targets for 2024 as a guide to make informed investment decisions. The company’s shares are predicted to perform well throughout the year, with the potential for significant returns on investment.
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HCL TECH SHARE PRICE TARGET 2025
| HCL TECH SHARE PRICE TARGET 2025 | Maximum Price | Minimum Price |
| January 2025 | ₹1,593.87 | ₹1,226.05 |
| February 2025 | ₹1,677.75 | ₹1,290.58 |
| March 2025 | ₹1,761.64 | ₹1,355.11 |
| April 2025 | ₹1,572.89 | ₹1,209.92 |
| May 2025 | ₹1,429.90 | ₹1,099.93 |
| June 2025 | ₹1,572.89 | ₹1,209.92 |
| July 2025 | ₹1,497.99 | ₹1,152.30 |
| August 2025 | ₹1,560.41 | ₹1,200.32 |
| September 2025 | ₹1,638.43 | ₹1,260.33 |
| October 2025 | ₹1,736.74 | ₹1,335.95 |
| November 2025 | ₹1,858.31 | ₹1,429.47 |
| December 2025 | ₹1,895.48 | ₹1,458.06 |
HCL Technologies Ltd is expected to continue its upward trajectory in 2025, according to the share price prediction table. The company’s share price is expected to rise from a minimum of ₹1,226.05 to a maximum of ₹1,593.87 in January 2025. By the end of the year, the maximum price is expected to reach ₹1,895.48 while the minimum price is expected to be ₹1,458.06. The data suggests that the company’s share price is likely to remain bullish in 2025, with an uptrend projected throughout the year. This indicates that investors can expect significant growth in HCL Technologies Ltd’s share price in the coming years, making it a potentially lucrative investment opportunity.
HCL TECH SHARE PRICE TARGET 2026 TO 2030
| HCL TECH SHARE PRICE TARGET BY | Maximum Price | Minimum Price |
| 2026 | ₹1,990.25 | ₹1,393.17 |
| 2027 | ₹2,189.27 | ₹1,532.49 |
| 2028 | ₹3,064.98 | ₹1,532.49 |
| 2029 | ₹2,653.67 | ₹1,326.83 |
| 2030 | ₹3,449.77 | ₹2,414.84 |
Looking ahead to the long-term share price targets for HCL Technologies Ltd, the data suggests a mix of bullish and bearish trends. In 2026, the maximum and minimum price targets are ₹1,990.25 and ₹1,393.17, respectively, indicating a potentially volatile year for the company’s stock. However, the following year in 2027, the maximum and minimum price targets drop to ₹2,189.27 and ₹1,532.49, respectively, which could signal a bearish trend. The outlook brightens again in 2028, with a maximum price target of ₹3,064.98 and a minimum price target of ₹1,532.49, showing a potentially strong uptrend. In 2029, the company’s share price could see substantial growth, with a maximum price target of ₹2,653.67 and a minimum price target of ₹1,326.83 . The bullish trend is expected to continue into 2030, with a maximum price target of ₹3,449.77 and a minimum price target of ₹2,414.84 . However, it’s worth noting that these predictions are subject to change based on various factors that can influence the stock market.
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FINANCIAL STRENGTH OF HCL TECHNOLOGIES LTD (2019 TO 2023)
| HCL Tech Financials |
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM |
|---|---|---|---|---|---|---|
| Sales | 60,427 | 70,676 | 75,379 | 85,651 | 101,456 | 104,288 |
| Expenses | 46,501 | 53,360 | 55,331 | 65,122 | 78,828 | 81,270 |
| Operating Profit | 13,926 | 17,316 | 20,048 | 20,529 | 22,628 | 23,018 |
| OPM % | 23% | 24% | 27% | 24% | 22% | 22% |
| Other Income | 943 | 589 | 927 | 1,067 | 1,358 | 1,293 |
| Interest | 174 | 505 | 511 | 319 | 353 | 375 |
| Depreciation | 2,073 | 3,420 | 4,611 | 4,326 | 4,145 | 4,089 |
| Profit before tax | 12,622 | 13,980 | 15,853 | 16,951 | 19,488 | 19,847 |
| Tax % | 20% | 21% | 30% | 20% | 24% | 24% |
| Net Profit | 10,120 | 11,057 | 11,169 | 13,523 | 14,845 | 15,095 |
| EPS in Rs | 37.31 | 40.75 | 41.07 | 49.74 | 54.73 | 55.65 |
| Dividend Payout % | 11% | 25% | 24% | 84% | 88% | – |
HCL Technologies Ltd has shown a consistent growth in its financial performance over the past five years. HCL Technologies has also seen a positive trend in its profit after tax (PAT) figures, with a maximum of 19,488 crore in FY202 3and a minimum of ₹12,622 crore in FY2019. HCL Technologies has maintained a healthy operating profit margin of over 20% throughout the past five years, and a net profit margin of over 14%. These financial indicators reflect HCL Technologies’ ability to manage its expenses and generate consistent profits. Overall, HCL Technologies has shown steady growth and a strong financial performance in the past five years.
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FAQ’s
The maximum share price of HCL Technologies LTD in 2025 is Rs. 1,895.48
The maximum share price of HCL Technologies LTD in 2028 is Rs. 3670.15
The maximum share price of HCL Technologies LTD in 2029 is Rs. 7539.06
The maximum share price of HCL Technologies LTD in 2030 is Rs. 8395.77
HCL TECH SHARE PRICE TARGET BY EXPERTS:
- Kotak Securities has given a buy rating to HCL Tech with a price prediction of Rs 1100.(5th May, 2023)
- Sharekhan issued a research report recommending a buy rating for HCL Technologies, advising investors to hold the stock with a target price of Rs 1175.(April 21st, 2023)
- Motilal Oswal appraises the HCL Technologies stock at Rs 1,280, indicating potential upside in the near future.(July 12th, 2023)
POINTS TO NOTE WHILE INVESTING IN HCL TECHNOLOGIES LTD SHARES:
- The company has reduced its debt significantly, leading to a much healthier financial position.
- The company is now almost debt-free, indicating a more stable and sustainable financial structure.
- Investors can benefit from a good dividend yield of 4.19% on the stock, making it an attractive option for income-oriented investors.
- The company has consistently maintained a healthy dividend payout ratio of 65.5%, reflecting its commitment to rewarding shareholders with regular dividends.
CONCLUSION: IS IT GOOD TO INVEST IN HCL TECHNOLOGIES LTD SHARES?
According to the financial information provided, over the last five years, HCL Technologies Ltd. has consistently increased both its revenue and profit figures. The company’s overall revenue has increased at a solid rate, on average by over 6% from year to year. In a similar vein, the company’s PAT has also constantly increased, with an average annual growth rate of above 5%. The business has also kept its operational and net profit margins in good shape.
Despite the fact that past success does not ensure future achievement, these numbers imply that HCL Technologies Ltd. is in a good financial position and is well positioned for expansion. But as with any investment decision, it’s crucial to undertake a thorough investigation of the firm’s financial situation, the state of the market, and other pertinent considerations.
Based on expert opinions, HCL Technologies has shown promising performance in the market. With recommendations ranging from a buy rating with a target price of Rs 1100 by Kotak Securities on May 5th, 2023, to a target price of Rs 1175 and a buy rating by Sharekhan on April 21st, 2023, and a value of Rs 1,280 with potential upside by Motilal Oswal on July 12th, 2023, it is evident that experts have a positive outlook on the company’s future. The consistent appreciation in the stock’s value suggests that HCL Technologies is likely delivering robust financial results and executing its growth strategies effectively. Investors may find this performance attractive and are likely to keep a close eye on the company’s further developments and future potential.
Suhani Bhat, a student of Hansraj college, is a finance writer who takes deep interest in stock market, mutual funds, and other financial news. She writes for multiple finance blogs, including Financegradeup.com. Other than English, she also speaks Hindi.