HCL is an Indian multinational technology company that provides a wide range of IT services, including IT consulting, technology and outsourcing services. Established in 1976, the company has grown to be one of the largest IT players in India and around the world. HCL has offices in over 31 countries and employs over 1.5 lakh people across its different business units. The company is known for its unique approach to business, which combines industry-leading technology with strong customer service. HCL offers products and services in the areas of AI and Machine Learning, Cloud, IoT, Security, Digital Workplace, and Mobility. The company also has a strong focus on the automotive, aerospace, healthcare, banking and financial services, and telecom industries.

HCL’s share price has been on the rise since its listing on the NSE in April 2007. Over the past decade, HCL’s share price has increased from Rs 2554 (January 2023) to Rs 8773 (March 2030). This is a 239% increase in HCL’s share price over the 13-year period. The share price has seen several highs and lows over this period, reaching a maximum of Rs 8773 (March 2030) and a minimum of Rs 1790.99 (May 2023). This reflects the company’s solid performance and its ability to sustain growth despite economic downturns. Overall, HCL’s share price has shown strong growth over the last decade, highlighting its strong fundamentals and bright future.

For the three months that ended in March, HCL Technologies posted a consolidated net profit of Rs 3,983 crore. This is an increase of 11% over the Rs 3,593 crore recorded during the same time previous year. In comparison to the same period last year, operating revenue increased 18% to Rs 26,606 crore for the fourth quarter under review. Sequentially, net profit decreased by 3% from the Rs 4,096 crore recorded in the December quarter before. The net profit was higher than the ET Now poll’s prediction of Rs 3,860 crore. For FY24, the business projects sales growth of between 6 and 8% in constant currency (CC), with an EBIT margin projection of 18 to 19%. Constant currency sales increase for the fourth quarter was 10% YoY but fell 1.2% sequentially. The income increased 8% from the previous year to $3,235 million in USD. In terms of segments, revenue from services is up 11% YoY. The software industry’s revenue increased by 8.2%, while digital sales increased by 17%. The Noida-based IT business announced an EBIT of Rs 4,836 crore, a 19% YoY increase. EBIT stands for profits before interest, tax, depreciation, and amortization. The business closed 13 significant agreements during the quarter, 10 of which were for services and 3 for software. Total contract value (TCS) was $2.07 billion, an 8% YoY decrease. The company’s sales have surpassed Rs 1 lakh crore for the whole year ending March 2023, up 18%. “We performed brilliantly in FY23, surpassing Rs 1 lakh crore in sales, driven by an industry-leading 16% growth in services. According to C Vijaykumar, CEO and MD of HCL Tech, “Our pipeline is close to an all-time high, reflecting our distinct business mix and robust client demand for our products. In the fourth quarter, CC growth declined in both Europe and the Rest of the World (RoW) by 1.4% and 1.9%, respectively. The American sector saw constant currency growth of 1.8%. At the conclusion of the March quarter, HCL Tech had a total of 2,25,944 workers, up 3,674 over the period of January to March. On a trailing 12-month basis, the attrition rate further decreased to 19.5% from 21.7% in the December quarter.

HCL TECH in recent news

• For the fiscal year 2023–2024, the Board of Directors declared an interim dividend of Rs. 18 per equity share of the corporation.
• The company will expand its business to Romania.

HCL Share Price Prediction for 2023

HCL Share Price Prediction for 2023 is positive. The maximum price of HCL share is expected to reach 3501.341623 INR, while the minimum price is expected to be 1790.9925 INR in the year 2023. This indicates that the stock market is likely to experience a bullish trend for HCL shares in the year 2023. Analysts also believe that the price of the stock will continue to remain high by the end of the year, with further growth potential in the coming years. As investors look towards increasing their investments in HCL, this is likely to positively affect the performance of the stock in 2023 and beyond.

Some of the strengths of the company that are helping to grow it are that it is using its ROCE effectively, and return on equity is also improving.  Brokers have also increased their price targets recently. But on the other hand, mutual funds have decreased their shareholding and the decline in net profit margin QoQ is also worrying the investors. 

ICICI Direct has given a buy rating with a target price of Rs 1220. Whereas Motilal oswal has given a buy recommendation with an expected price of Rs 1250.

HCL Share Price Forecast for 2024 

HCL Technologies Limited is a leading information technology company in India. In the past, its share prices have fluctuated significantly, and in the year 2024, it is expected that the maximum price of its shares will be 4083.363314 INR and the minimum price will be 3215.189736 INR. This suggests that investors can expect to benefit from the growth in the share price of the company in the coming year. This is because of the strong fundamentals and strong pipeline of projects that the company has secured for itself in the future, which would lead to better profits and returns for investors. Furthermore, HCL is predicted to benefit from the expected economic recovery and the increasing demand for IT services in the coming year, which would lead to higher performance of its shares. Therefore, investors should consider investing in HCL shares in the year 2024 as the expected performance of the share price is positive.

Projected HCL Share Prices in 2025 

HCL share price is expected to remain steady in the coming years. In 2025, analysts predict that the maximum share price for HCL will be 4018.208426 INR and the minimum will be 3140.825618 INR. This represents an increase of approximately 16.5% from the current share price. Analysts also expect that the trend of increasing share prices will continue in the long term, with HCL shares reaching 8773.782143 INR by 2030. With strong fundamentals and a well-diversified portfolio of products and services, HCL is well-positioned to benefit from the growth of the IT industry. Investors should consider buying shares of HCL with an eye towards the long term, as it is expected to be a profitable investment over time.

Estimations of HCL Stock Prices in 2026-2030

The estimated prices of HCL stock for the years 2026-2030 have been found to be steadily increasing. In 2026, the maximum price is expected to reach 4741.485943 INR and the minimum price is expected to be 4267.337348 INR. Similarly, in 2027 the maximum price is expected to reach 5737.197991 INR and the minimum price is expected to be 5163.478192 INR. The estimated prices for 2028 are 6884.637589 INR and 6196.17383 INR respectively for maximum and minimum prices. In 2029 the estimated prices for maximum and minimum respectively are 8123.872355 INR and 7311.485119 INR. The estimated prices for 2030 are 8773.782143 INR and 7896.403929 INR respectively for maximum and minimum prices. It is anticipated that the stock prices will continue to rise in the future as HCL is increasingly becoming an important player in the IT industry.

Factors affecting the performance of HCL shares over the years

The performance of HCL shares over the years is largely dependent on a number of factors. The maximum and minimum prices for HCL shares over the years display a wide range, indicating that market conditions and other external factors affect stock performance. The overall macro-economic conditions are a key factor in determining stock performance as well as the business strategies, technological advancements and market trends. In addition, factors such as company’s financial performance, market competition, industry growth prospects and government regulations also have a major impact on stock performance. For example, in 2023 the maximum and minimum prices for HCL shares stood at 3501.341623 and 1790.9925 respectively, whereas in 2030 the maximum and minimum prices for HCL shares were 8773.782143 and 7896.403929 respectively, reflecting the positive growth in stock performance over the years due to favourable business and market conditions. Overall, the performance of HCL shares over the years is affected by a range of factors, and it is important for investors to monitor these factors closely in order to make wise investments decisions.

Analyzing HCL’s Performance Over the Years

HCL Technologies has had a remarkable performance over the years. The company’s maximum stock price has increased from 1790.9925 INR in 2023 to 8773.782143 INR in 2030, an increase of almost five times. Similarly, the minimum price has also increased from 1790.9925 to 7896.403929 INR. This shows that the company’s stock performance has been extremely impressive over the years and it has consistently grown despite market fluctuations. Moreover, the company has managed to maintain a steady growth rate with its average maximum price increasing by almost 19% and its average minimum price increasing by 17.5% from 2023 to 2030. This clearly shows that HCL Technologies has been able to navigate the changing markets and maintain a level of profitability in the long run.

FAQs

What is the projected HCL share price for 2023? 

Answer: The projected maximum share price of HCL for 2023 is 3501.341623 INR and the minimum share price of HCL for 2023 is 1790.9925 INR. 

What is the projected HCL share price for 2024? 

Answer: The projected maximum share price of HCL for 2024 is 4083.363314 INR and the minimum share price of HCL for 2024 is 3215.189736 INR. 

What is the projected HCL share price for 2025? 

Answer: The projected maximum share price of HCL for 2025 is 4018.208426 INR and the minimum share price of HCL for 2025 is 3140.825618 INR. 

What is the projected HCL share price for 2026? 

Answer: The projected maximum share price of HCL for 2026 is 4741.485943 INR and the minimum share price of HCL for 2026 is 4267.337348 INR. 

What is the projected HCL share price for 2027? 

Answer: The projected maximum share price of HCL for 2027 is 5737.197991 INR and the minimum share price of HCL for 2027 is 5163.478192 INR. 

What is the projected HCL share price for 2028? 

Answer: The projected maximum share price of HCL for 2028 is 6884.637589 INR and the minimum share price of HCL for 2028 is 6196.17383 INR. 

What is the projected HCL share price for 2029? 

Answer: The projected maximum share price of HCL for 2029 is 8123.872355 INR and the minimum share price of HCL for 2029 is 7311.485119 INR. 

What is the projected HCL share price for 2030? 

Answer: The projected maximum share price of HCL for 2030 is 8773.782143 INR and the minimum share price of HCL for 2030 is 7896.403929 INR. 

Is the projected HCL share price for 2023 higher than that of 2026? 

Answer: No, the projected maximum share price of HCL for 2023 is 3501.341623 INR which is lower than the projected maximum share price of HCL for 2026 which is 4741.485943 INR.

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Mahak Arora

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