
HCL Technologies’ shares jumped 7.68% to ₹1,593.60 on the NSE by 11:35 AM on Wednesday after the company announced strong fourth-quarter (Q4) results and gave a positive growth forecast for the financial year 2025-26 (FY26). The company’s outlook surpassed many of its industry peers, boosting investor confidence.
Read More: Q4 Performance: Sagility India Has Reported a 128% Jump in Profit to Rs 183 Crore…

Several major financial institutions responded positively to the announcement. JPMorgan upgraded the stock to “overweight” with a target price of ₹1,750, highlighting the stock’s attractive 4% dividend yield and 6% free cash flow yield. Nomura maintained its “buy” rating with a target of ₹1,670, while Nuvama set a target price of ₹1,700. Morgan Stanley kept an “equal-weight” rating with a ₹1,600 target, and Citi remained “neutral” with a price target of ₹1,510.
In terms of performance, HCLTech reported an 8.1% year-on-year increase in net profit for Q4, reaching ₹4,307 crore. Revenue for the quarter stood at ₹30,246 crore, up 6.1% compared to the same period last year. For the full financial year 2024-25, the company recorded a net profit of ₹17,390 crore, marking an 11% growth, while revenue rose 6.5% to ₹1,17,055 crore.
Also See: Dollar Industries Has Announced a 14% YoY Drop in Q4 Profit to ₹29.2 Cr; Shares Have Fallen 4.5%
Despite facing global economic challenges, HCLTech has projected a 2–5% growth in constant currency terms for FY26. The company also secured new deals worth $3 billion during Q4 and announced an interim dividend of ₹18 per share for FY26, further reflecting its strong financial position and growth momentum.