Analysts have slightly decreased their price target for HCL Technologies to ₹1,642 from ₹1,647. They cite a marginal increase in expected revenue growth, while also factoring in higher discount rates and a slight downward adjustment to profit margin forecasts.
What's in the News
- HCLTech and Zscaler expanded their strategic partnership to deliver AI-powered, zero-trust network security services by integrating Zscaler technology with HCLTech's Cybersecurity Fusion Center and AI capabilities (Client Announcements).
- HCL Technologies updated its 2026 fiscal year guidance, revising Services Revenue growth to 4%-5% while maintaining overall revenue and margin guidance (Corporate Guidance: New/Confirmed).
- HCLTech joined MIT Media Lab to collaborate on research in AI and quantum computing, providing access to cutting-edge innovation networks (Client Announcements).
- Announced renewal and expansion of a major digital transformation contract with a Gothenburg-based manufacturer, leveraging AI-powered service platforms for greater efficiency and sustainability (Client Announcements).
- Formed a global partnership with Thought Machine to accelerate banking modernization and support financial institutions in transitioning to cloud-native, AI-driven platforms (Client Announcements).
Valuation Changes
- The consensus analyst price target has declined slightly to ₹1,642 from ₹1,647.
- The discount rate has risen marginally to 16.05% from 16.00%.
- Revenue growth projections have increased to 7.12% from 6.49%.
- The net profit margin is expected to decrease slightly to 14.43% from 14.48%.
- The future P/E ratio has declined to 31.20x from 32.00x.
Disclaimer
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