HCL Technologies532281Information technology services
HCL Tech posted a solid Q2 earnings beat with in-line margins and guidance; Jefferies upgraded the stock to Hold from Underperform, while other brokerages gave mixed views
By ScoutQuest · · 1 min read
- Citi target price
- 1050 rupees
- Previous Citi target price
- 1030 rupees
- Stock rally today
- 7 percent
- Inorganic contribution this quarter
- 62 bps
- Organic guidance downtick
- 10 to 12 bps
Heard on business television between 12:41:51 - 12:44:51 IST.
- HCL Tech's Q2 earnings beat estimates with margins in line and guidance maintained.
- Jefferies upgraded the stock to Hold from Underperform.
- JPMorgan noted the company narrowed its guidance band from 1-2.5% to a lower upper band, with midpoint maintained at 3%, flagging a 62 bps inorganic contribution implying a 10-12 bps downtick in organic guidance as a concern.
- Citi maintained a Sell rating but hiked target price to Rs 1050 from Rs 1030, calling the quarter decent but flagging a slow H2 implied by service guidance and noting HCL trades at a 20-25% premium to TCS and Infosys, a gap that widened further after the stock's 7% rally.
- Management (Mr Schiff/CVK) explained the guidance band was narrowed because half the year is over, with midpoint unchanged from earlier guidance, and said they stayed cautious despite good demand and healthy margin uptick of about 129 bps in Q2.
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Source: Live TV News Channel · 13 Oct 2026
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