HCL Technologies Ltd: Promising Trends in the IT Sector
The stock market is witnessing record highs, with both the Nifty and Sensex achieving new all-time highs week after week. While the metal and auto sectors have shown remarkable growth, the banking sector has also seen significant momentum. However, the IT sector is yet to catch up with this surge.
In the past week, some IT stocks have shown promising gains, leading to expectations of a potential uptick in the Nifty IT index in the coming weeks. Amidst this, investors are eyeing opportunities in large-cap IT companies, with HCL Technologies Ltd poised for potential growth.
HCL Technologies Ltd closed Thursday's trading session at ₹1,635.70 levels, indicating the possibility of further upward movement in the coming days.
The rally in steel technology, which began at ₹1,250 levels in November-December, culminated in reaching ₹1,700 levels by February. Similarly, HCL witnessed a substantial journey from ₹1,200 to ₹1,700 within a span of just three months.
Although some profit booking occurred, the stock has not seen a significant decline and currently trades at ₹1,635.70 levels.
Analyzing the daily time frame, HCL Technologies Ltd has recently approached its last swing low levels during Wednesday's trading session, suggesting a potential upward trajectory. This trend continued on Thursday, indicating the possibility of longer-term targets for HCL Technologies Ltd in the coming days.
A closer look at the daily time frame reveals a trend line forming from the high levels of February 23, indicating a potential consolidation phase before a breakout. Considering the stock's recent movement above its support levels to the last swing low, there's a good chance of consolidation around the trend line for two to three days followed by a breakout towards higher levels.
In case of a trendline breakout, HCL Technologies Ltd could target levels up to ₹1,720.
Overall, investors are advised to keep a close watch on HCL Technologies Ltd as it presents potential opportunities amidst the ongoing market trends.
HCL TECH Share Price Target ₹1684.57, in 2026 HCL TECH Share Price Target ₹1684.57 in 2026 for further growth.
| HCL TECH Share Price Target 2026 | Price |
|---|---|
| January 2026 | ₹1601.60 |
| February 2026 | ₹1605.65 |
| March 2026 | ₹1609.70 |
| April 2026 | ₹1615.75 |
| May 2026 | ₹1623.80 |
| June 2026 | ₹1631.90 |
| July 2026 | ₹1637.00 |
| August 2026 | ₹1645.30 |
| September 2026 | ₹1649.35 |
| October 2026 | ₹1656.40 |
| November 2026 | ₹1662.40 |
| December 2026 | ₹1684.57 |
| HCL TECH Share Price Target 2026 | ₹1684.57 |
HCL TECH Share Price Target ₹1799.32, in 2027 HCL TECH Share Price Target ₹1799.32 in 2027 for further growth.
| HCL TECH Share Price Target 2027 | Price |
|---|---|
| January 2027 | ₹1688.60 |
| February 2027 | ₹1696.65 |
| March 2027 | ₹1713.70 |
| April 2027 | ₹1718.75 |
| May 2027 | ₹1723.80 |
| June 2027 | ₹1730.90 |
| July 2027 | ₹1738.00 |
| August 2027 | ₹1748.30 |
| September 2027 | ₹1759.35 |
| October 2027 | ₹1770.40 |
| November 2027 | ₹1782.40 |
| December 2027 | ₹1799.32 |
| HCL TECH Share Price Target 2027 | ₹1799.32 |
HCL TECH Share Price Target ₹1934.23, in 2028 HCL TECH Share Price Target ₹1934.23 in 2028 for further growth.
| HCL TECH Share Price Target 2028 | Price |
|---|---|
| January 2028 | ₹1807.50 |
| February 2028 | ₹1818.50 |
| March 2028 | ₹1824.50 |
| April 2028 | ₹1829.60 |
| May 2028 | ₹1843.65 |
| June 2028 | ₹1855.60 |
| July 2028 | ₹1861.44 |
| August 2028 | ₹1869.50 |
| September 2028 | ₹1886.00 |
| October 2028 | ₹1898.30 |
| November 2028 | ₹1920.55 |
| December 2028 | ₹1934.23 |
| HCL TECH Share Price Target 2028 | ₹1934.23 |
HCL TECH Share Price Target ₹2067.37, in 2029 HCL TECH Share Price Target ₹2067.37 in 2029 for further growth.
| HCL TECH Share Price Target 2029 | Price |
|---|---|
| January 2029 | ₹1941.10 |
| February 2029 | ₹1949.20 |
| March 2029 | ₹1954.20 |
| April 2029 | ₹1961.60 |
| May 2029 | ₹1967.65 |
| June 2029 | ₹1976.60 |
| July 2029 | ₹1986.44 |
| August 2029 | ₹1990.50 |
| September 2029 | ₹1999.60 |
| October 2029 | 2025.70 |
| November 2029 | ₹2045.90 |
| December 2029 | ₹2067.37 |
| HCL TECH Share Price Target 2029 | ₹2067.37 |
HCL TECH company is growing rapidly. HCL TECH share price target 2030 will cross Rs 21.88 35 paise and there is a possibility of further growth. Its share price will increase rapidly. Investors are keeping a close eye on its shares. Due to which investors will come to this company rapidly which will increase the growth of the company.
HCL TECH Share Price Target ₹2194.78, in 2030 HCL TECH Share Price Target ₹2194.78 in 2030 for further growth.
| HCL TECH Share Price Target 2030 | Price |
|---|---|
| January 2030 | ₹2074.10 |
| February 2030 | ₹2077.20 |
| March 2030 | ₹2087.40 |
| April 2030 | ₹2099.60 |
| May 2030 | ₹2109.65 |
| June 2030 | ₹2118.80 |
| July 2030 | ₹2125.00 |
| August 2030 | ₹2130.30 |
| September 2030 | ₹2143.60 |
| October 2030 | ₹2162.70 |
| November 2030 | ₹2176.90 |
| December 230 | ₹2194.78 |
| HCL TECH Share Price Target 2030 | ₹2194.78 |
HCL TECH Share Price Target ₹1898.37, in 2024 HCL TECH Share Price Target ₹1898.37 in 2024 for further growth.
HCL TECH Share Price Target ₹1589.63, in 2025 HCL TECH Share Price Target ₹1589.63 in 2025 for further growth.
HCL TECH Share Price Target ₹2194.78, in 2030 HCL TECH Share Price Target ₹2194.78 in 2030 for further growth.
People also ask:
What is the future prediction for HCL?
Future Growth
HCL Technologies is forecast to grow earnings and revenue
by 11% and 9% per annum respectively. EPS is expected to grow by 10.8% per
annum. Return on equity is forecast to be 27.2% in 3 years.
What is the long term
target of HCL Tech?
Summary of HCLTECH Share Price Forecast for 2024
With favorable market conditions, the mid-year price target for HCL
Technologies Ltd could reach ₹1619.61. By the end of 2024, the price target for
HCL Technologies Ltd is expected to potentially reach ₹1847.87, considering bullish
market trends.
Is HCL a good buy now?
HCL Technologies has TTM P/E ratio 25.29 as compared to the sector P/E of 34.79.There are 36 analysts who have initiated coverage on HCL Technologies. There are 4 analysts who have given it a strong buy rating & 10 analysts have given it a buy rating. 8 analysts have given the stock a sell rating.
Is HCL Technologies good
or bad?
Is HCL a good company to
work for? HCL has an overall rating of 3.6 out of 5, based on over 5,499
reviews left anonymously by employees. 63% of employees would recommend working
at HCL to a friend and 65% have a positive outlook for the business. This
rating has decreased by -3% over the last 12 months.
Why invest in HCL?
Investors looking for twin engines of quality and growth.
The global brokerage firm has raised its FY23-25 EPS estimates by 2-3% to
factor in the beat. Over FY23-25, it expects HCL Tech to deliver a 7% cc
revenue CAGR and an 11% EPS CAGR supported by a slight recovery in margins.
