HCLTECH

Results In, Stock Leading | HCL Technologies

Markets can be openin the green today , led by IT and Consumer Durables outperforming all other sectors. And at the centre of that IT rally sits one stock that has quietly had a remarkable week. HCL Technologies has been the top gainer on the Sensex for two straight sessions now, rising 2.65 per cent on Thursday morning alone to Rs 1,199. The reason is clear: the company reported its Q1 FY27 results earlier this week, and the numbers came in better than most had feared. Q1 FY27 revenue came in at Rs 34,579 crore and earnings at Rs 4,624 crore — a sequential improvement that eased concerns around margin erosion from annual wage hikes. The 52-week high stands at Rs 1,780.10 while the 52-week low touched Rs 1,030 — meaning the stock remains more than 30 per cent below its peak even after this week's recovery. Analyst consensus across 40 brokerages sits at an average 12-month target of Rs 1,293.65, with the street split between Buy and Hold ratings heading into results. Key items the market will continue to digest: management commentary on AI-led revenue deflation — flagged at a 2 to 3 per cent portfolio impact — and whether FY27 constant-currency growth guidance of 1.5 to 4.5 per cent holds or sees a revision at the upper end. With the IT index up nearly 2 per cent today and breadth firmly positive, today's session could be the clearest signal yet of whether the sector's worst is behind it.