Should I buy HCL Technologies stock in 2025?

Why trust HelloSafe?

At HelloSafe, our expert has been monitoring the performance of HCL Technologies for more than three years. Every month, hundreds of thousands of users in India rely on us to interpret market trends and highlight the most promising investment opportunities. Our analyses are provided for informational purposes only and do not represent investment advice. In line with our ethical charter, we have never been, and will never be, paid by HCL Technologies.

What is HCL Technologies?

Important information

Estimated EBITDA derived by applying FY2025 EBIT margin (17.9%) to revenue.

How much is HCL Technologies stock?

The price of HCL Technologies stock is rising this week. As of today, the stock is trading at ₹1,568.60, reflecting a 0.36% dip in the last 24 hours but a 0.57% gain over the past week.

HCL Technologies boasts a market capitalization of ₹4.25 trillion, with an average daily volume of 3.08 million shares over the past three months. The company has a Price/Earnings (P/E) ratio of 24.45 and offers a dividend yield of 3.44%. Its stock beta stands at 0.36, suggesting lower volatility than the broader market—ideal for investors seeking stability alongside sustained growth potential.

Our full analysis on HCL Technologies stock

We have conducted a rigorous review of HCL Technologies’ latest quarterly and annual results, mapping these against its stock’s three-year trend and sector peers. Leveraging our proprietary algorithms, which synthesize financial metrics, technical indicators, and market sentiment, we can now present an in-depth, multidimensional perspective on HCL Technologies’ investment profile. So, why might HCL Technologies stock once again become a strategic entry point into the fast-evolving digital transformation space in 2025?

Recent Performance and Market Context

HCL Technologies' share price has demonstrated notable resilience and upside potential, currently trading at ₹1,568.60 on the NSE as of May 5, 2025. Despite modest volatility, the stock has returned a solid +16.36% over the past 12 months and generated a cumulative positive return in three out of the last four quarters. While there was a moderate pullback of approximately 11.6% over the last six months—primarily attributable to sector rotation and global macroeconomic caution—this has been interpreted by analysts as a constructive consolidation phase within a still-robust long-term uptrend.

Significantly, HCL Technologies recently declared an impressive interim dividend of ₹18 per share for Q4 FY2025—part of a full-year payout totaling ₹60 per share, reflecting an attractive yield of 3.44%. Additionally, the company announced new deal wins in excess of $3 billion TCV (Total Contract Value) in the most recent quarter, driven by an accelerated push into AI and digital services. These developments, combined with the notable recognition as the fastest-growing IT services brand among global top-tier peers (+16% YoY in brand value), underline management’s ability to navigate turbulent markets and capitalize on secular technology trends.

The broader backdrop remains supportive. India’s IT sector continues to benefit from substantial global digital transformation demand, government emphasis on tech-led growth, and improving regulatory infrastructure favourable to exports and innovation. Despite some cautious global signals, the confluence of strong demand for cloud, cybersecurity, and AI-driven services solidifies a constructive medium-term environment for Indian technology bellwethers.

Technical Analysis

A close examination of HCL Technologies’ technical setup further reinforces the view that the timing may be opportune for renewed investor interest. Currently, the Relative Strength Index (RSI) sits at 49.92—squarely in neutral territory. This suggests that the stock is neither overbought nor oversold and is poised for a directional move.

Crucially, the Moving Average Convergence Divergence (MACD) has just flashed a “buy” signal (MACD reading 1.12), while price action remains supported by significant moving averages:

• 20-day MA: ₹1,573.39 (current price just below, suggesting a mean reversion opportunity)
• 50-day MA: ₹1,572.10 (near-term resistance turning into support)
• 100-day MA: ₹1,512.07
• 200-day MA: ₹1,519.80

Notably, a “golden cross”—where the 100-day MA has crossed above the 200-day MA—has emerged, often seen as a harbinger of sustained bullish momentum for the medium to long term.

The key support levels at ₹1,548.75 and ₹1,490.78 remain well protected, while the next resistance bands at ₹1,583.15 and ₹1,643.76 could be tested should the next leg higher materialize. The accumulation zone established near ₹1,550 provides a foundation for bullish positioning, and the consolidation phase over the past quarter may be setting the stage for a renewed advance.

Fundamental Analysis

From a fundamentals standpoint, HCL Technologies continues to deliver enviable performance:

• Revenue for Q4 FY2025 climbed to ₹30,246 crore (+6% YoY), with full-year FY2025 revenues of ₹1.17 lakh crore (+6% YoY).
• Net profit for the quarter registered at ₹4,307 crore (+8% YoY), and full-year net income reached ₹17,390 crore (+11% YoY)—reflecting expanding margins and disciplined cost management.
• Operating margin (EBIT) stands robust at 17.9%, with forward guidance projecting 18–19% margin sustainability even as the company invests aggressively in new technologies.

Strategically, HCL Technologies is prioritizing high-growth, higher-margin business segments—most notably AI, digital transformation, and integrated service delivery. Digital revenue, a key metric of future competitiveness, is now growing at 12.6% YoY in constant currency, outpacing the company’s overall expansion. The successfully executed establishment of an integrated Go-to-Market (GTM) organization further aligns HCL with evolving client needs, cementing its position among global Tier-1 IT services firms.

Valuation remains compelling, with a trailing P/E of 24.45 set against the backdrop of resilient double-digit earnings growth, attractive compared to several global and domestic peers. The analyst consensus price target—₹2,039, representing approximately 30% upside—reflects the market’s recognition of the company’s capacity not just to defend its position but to extend its lead in high-value segments.

Structural Strengths

• India’s 3rd largest IT services company by revenue, boasting a broad and sticky client base.
• Brand value growth outpacing global competitors at 16% YoY.
• Strong promoter and institutional support, with promoters holding over 60% and FIIs/DIIs accounting for nearly 35% of ownership.
• Standing out as a pioneer among peers in embedding AI into core IT offerings, positioning HCL as a preferred partner for clients seeking digital-first strategies.

Volume and Liquidity

HCL Technologies enjoys liquid, sustained trading volumes—averaging over 3 million shares traded daily—ensuring highly efficient price discovery and easy access for both institutional and retail investors. With a market cap of ₹4.25 trillion, the stock is squarely in the large-cap universe, providing both safety and scalability for portfolio allocation. The free float is robust, enabling dynamic valuation while offering stability thanks to cornerstone promoter and institutional holdings.

Sustained volume at key technical levels also underpins investor conviction, reducing the risk of sudden sharp corrections and fostering an environment conducive to steady appreciation.

Catalysts and Positive Outlook

Looking into FY2026 and beyond, several meaningful catalysts underpin the bull case:

• Client Deal Wins & Pipeline: The company has recently signed deals totaling $3 billion TCV, reflecting strong demand for AI-driven solutions and underlining its successful transition to serving next-generation technology needs.
• AI & Digital Transformation: HCL’s differentiated strategy focuses on integrating AI into mainstream services, driving higher client retention, and cross-selling opportunities. The creation of a dedicated AI-led GTM framework is poised to catalyze incremental revenue.
• Dividend Policy & Shareholder Return: An aggressive payout policy (₹60 per share; 93.5% of EPS) underscores confidence in future cash flows and fortifies the dividend yield.
• ESG & Innovation: HCL’s ongoing investments in sustainable technology solutions and talent upskilling further enhance its attractiveness to global clients—especially as ESG compliance grows in investor importance.
• Sector Tailwinds: Secular drivers such as digitalization, cloud migration, cybersecurity, and the rapid adoption of GenAI ensure robust demand for well-diversified, innovation-led IT services firms from India.

Management’s medium-term guidance, while understandably cautious in the near term due to global macro signals, remains upbeat on margin stability and new opportunity identification. Digital revenues—now comprising a material share and growing at double digits—signal continued outperformance ahead of competitors less advanced on transformation initiatives.

Investment Strategies

Based on the current technical and fundamental context, several investment strategies appear well supported:

• Short-Term Entry: The stock recently bounced off strong support at ₹1,548.75 with momentum signals (MACD “buy”) and no sign of overbought conditions (neutral RSI), suggesting a near-term uptrend could develop towards the ₹1,583–₹1,643 resistance band. Tactical traders could view this as an opportunity to position for a retest of 52-week highs.
• Medium-Term Allocation: The multi-year uptrend, golden cross, and compelling dividend present an attractive risk/reward profile for investors seeking exposure during a phase of strategic deal wins and earnings expansion. Consensus targets point to 30% upside, with technical and valuation floors offering downside protection.
• Long-Term Core Holding: HCL Technologies’ unique positioning in a rapidly digitizing world, coupled with strong governance, cash flow generation, and technological leadership, makes it a candidate for multi-year compounding as India’s tech sector matures and globalizes.

Ideal accumulation strategies entail staged entries during periods of sector-wide volatility or when the stock approaches significant support, while investors awaiting catalysts (such as earnings releases or disclosure of new strategic partnerships) may benefit from timing entries to coincide with these triggers.

Is It the Right Time to Buy HCL Technologies?

In summary, HCL Technologies stands at the nexus of structural growth and operational excellence. Its robust financials, expanding digital portfolio, compelling dividend profile, and proven ability to capitalize on market opportunities together create a persuasive case for renewed investor focus. With defensive characteristics (low beta), demonstrable earnings momentum, and multiple catalysts—ranging from AI-led initiatives to sectoral tailwinds—the fundamentals justify renewed interest at current levels.

Technical signals point to an emerging bullish phase, while steady volume and high liquidity further add to the stock’s appeal for a wide range of investor profiles. Although management remains prudently watchful of short-term global volatility, all indications suggest HCL Technologies is well positioned to deliver above-peer returns as digital transformation accelerates globally.

For investors seeking exposure to India’s world-class technology sector with well-balanced risk and upside, HCL Technologies seems to represent an excellent opportunity at this juncture. As global businesses deepen technology investments and AI reshapes the competitive landscape, HCL’s combination of innovation, financial strength, and shareholder focus makes it a standout consideration for high-conviction portfolio allocation—potentially marking the beginning of a new bullish chapter in its storied growth trajectory.

How to buy HCL Technologies stock in India?

Buying HCL Technologies stock online has never been easier or more secure for Indian investors. Through regulated stockbrokers, you can effortlessly purchase shares in just a few clicks, ensuring transparency and protection for your funds. There are two main ways to gain exposure: spot buying, which means directly owning HCL Technologies shares, and trading Contracts for Difference (CFDs), which allows for leveraged trading without actual ownership. Each method fits different profiles and investment goals. To help you make the right choice, we’ve outlined their key differences below—and you’ll find a comprehensive broker comparison further down the page.

Spot Buying

A spot (cash) purchase means you directly buy HCL Technologies shares on the National Stock Exchange (NSE) or Bombay Stock Exchange (BSE), becoming a legal shareholder. This approach is ideal for building long-term wealth, collecting dividends, and benefiting from share price appreciation. The typical fee structure involves a fixed brokerage commission per order, often ranging from ₹15 to ₹25, plus small regulatory fees.

Concrete Example

If the HCL Technologies share price is ₹1,568.60, you could buy about 63 shares with a ₹100,000* stake (approximately $1,200, at ₹83/USD). Factoring in a brokerage fee of ₹400 (about $5), your actual investment goes mainly toward the shares.
✔️ Gain scenario:
If the share price rises by 10%, your holdings would be valued at ₹110,000.
Result: +₹10,000 gross gain, or +10% on your investment.

*Note: Example uses ₹100,000 for round numbers, typical for Indian investors in place of $1,000.*

Trading via CFD

CFD (Contract for Difference) trading lets you speculate on HCL Technologies’ price movements without owning the shares. With CFDs, you trade with leverage, meaning you can take larger positions with a smaller upfront capital. The main costs here are the spread (the difference between buy and sell prices) and an overnight financing fee if you carry the position beyond a day.

For example

You open a CFD position in HCL Technologies with ₹100,000 at 5x leverage, giving you ₹500,000 exposure to the stock.
✔️ Gain scenario:
If HCL Technologies’ share price rises by 8%, your position return = 8% × 5 = 40%.
Result: +₹40,000 gain on a ₹100,000 position (excluding trading fees and overnight charges).

Final Advice

Before investing, always compare brokers' commissions, account features, and additional costs like taxes or currency conversion. Each investor’s objectives and risk appetite will determine whether spot buying or CFD trading is better suited to their needs. Whether you’re seeking steady dividend income or aiming for short-term gains, selecting the right broker is crucial—which is why we provide a detailed, up-to-date broker comparison page just below to streamline your decision.

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#1

Forex specialist

#1

Eightcap

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4.9

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Is EightCap reliable?

Yes, EightCap is a trusted platform regulated by ASIC (Australia) and FCA (United Kingdom). Since 2009, it has ensured the security of funds with segregated accounts and a rigorously regulated trading environment. If you are looking for a reliable broker to start with, EightCap is a safe bet, recognised in the industry.

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EightCap combines performance and flexibility. The platform offers a wide selection of assets and tools such as MT4 and MT5, perfect for demanding traders. Are you a beginner? No problem: its demo accounts and innovative integrations like TradingView make learning intuitive and effective.

What are the fees at EightCap?

At EightCap, fees depend on the account you choose: Raw accounts display spreads from 0 pip, with a commission of $3.5 per lot. Standard accounts have slightly higher spreads but no commissions. No fees on deposits or withdrawals, for clear and controlled costs.

Who is EightCap for?

Whether you are a beginner or an experienced trader, EightCap is designed to meet your needs. Are you starting out? Take advantage of guides and demo accounts to understand the basics. Are you more advanced? Tools like MT5 and competitive spreads will allow you to go further in your strategies.

Is it easy to withdraw money from EightCap?

Withdrawing your earnings on EightCap is quick and easy. Requests are processed within 24 hours and you can use flexible options such as bank transfer, cards or e-wallets. Security and speed are at the heart of the service.

Is EightCap reliable?

Yes, EightCap is a trusted platform regulated by ASIC (Australia) and FCA (United Kingdom). Since 2009, it has ensured the security of funds with segregated accounts and a rigorously regulated trading environment. If you are looking for a reliable broker to start with, EightCap is a safe bet, recognised in the industry.

Why choose EightCap?

EightCap combines performance and flexibility. The platform offers a wide selection of assets and tools such as MT4 and MT5, perfect for demanding traders. Are you a beginner? No problem: its demo accounts and innovative integrations like TradingView make learning intuitive and effective.

What are the fees at EightCap?

At EightCap, fees depend on the account you choose: Raw accounts display spreads from 0 pip, with a commission of $3.5 per lot. Standard accounts have slightly higher spreads but no commissions. No fees on deposits or withdrawals, for clear and controlled costs.

Who is EightCap for?

Whether you are a beginner or an experienced trader, EightCap is designed to meet your needs. Are you starting out? Take advantage of guides and demo accounts to understand the basics. Are you more advanced? Tools like MT5 and competitive spreads will allow you to go further in your strategies.

Is it easy to withdraw money from EightCap?

Withdrawing your earnings on EightCap is quick and easy. Requests are processed within 24 hours and you can use flexible options such as bank transfer, cards or e-wallets. Security and speed are at the heart of the service.

#2

CFD specialist

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Avatrade

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Is Avatrade reliable?

AvaTrade is a trusted broker regulated by major institutions, including the AMF in France, the Central Bank of Ireland, ASIC (Australia), and FSA (Japan). Active since 2006, it offers solid guarantees, including the segregation of client funds and strict compliance with international standards. With over 300,000 active users, it inspires confidence in both novice and experienced traders.

Why choose Avatrade?

AvaTrade combines simplicity and expertise. Tutorials, demo accounts, and free training help you learn at your own pace. Advanced tools like MT4/MT5 offer endless possibilities as you progress. You don’t need to be an expert: AvaTrade adapts to you.

What are the fees at Avatrade?

AvaTrade offers simple and affordable fees: competitive fixed spreads, no deposit or withdrawal fees, and inactivity costs that can be avoided with regular use. You can focus on learning and your investments without surprises when it comes to paying.

Who is Avatrade for?

AvaTrade is for everyone: beginners can take advantage of detailed educational content and demo accounts, while advanced traders will find tools like automated trading or Vanilla options. If you are looking for a reliable platform to develop your skills or diversify your assets, AvaTrade is an excellent choice.

Is it easy to withdraw money from Avatrade?

Yes, AvaTrade offers a fast and secure withdrawal process. Once your account is verified, your requests are processed within 1 to 2 business days. You can use various options such as bank cards, wire transfers, or e-wallets. Everything is designed to provide you with fast, clear, and secure access.

Is Avatrade reliable?

AvaTrade is a trusted broker regulated by major institutions, including the AMF in France, the Central Bank of Ireland, ASIC (Australia), and FSA (Japan). Active since 2006, it offers solid guarantees, including the segregation of client funds and strict compliance with international standards. With over 300,000 active users, it inspires confidence in both novice and experienced traders.

Why choose Avatrade?

AvaTrade combines simplicity and expertise. Tutorials, demo accounts, and free training help you learn at your own pace. Advanced tools like MT4/MT5 offer endless possibilities as you progress. You don’t need to be an expert: AvaTrade adapts to you.

What are the fees at Avatrade?

AvaTrade offers simple and affordable fees: competitive fixed spreads, no deposit or withdrawal fees, and inactivity costs that can be avoided with regular use. You can focus on learning and your investments without surprises when it comes to paying.

Who is Avatrade for?

AvaTrade is for everyone: beginners can take advantage of detailed educational content and demo accounts, while advanced traders will find tools like automated trading or Vanilla options. If you are looking for a reliable platform to develop your skills or diversify your assets, AvaTrade is an excellent choice.

Is it easy to withdraw money from Avatrade?

Yes, AvaTrade offers a fast and secure withdrawal process. Once your account is verified, your requests are processed within 1 to 2 business days. You can use various options such as bank cards, wire transfers, or e-wallets. Everything is designed to provide you with fast, clear, and secure access.

#3

Expert in Forex and CFD

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Vantage

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Is Vantage reliable?

Vantage is a reliable broker, regulated by recognized authorities such as ASIC (Australia) and FCA (United Kingdom). It stands out for the security of its client accounts, protected by top-tier banks, and its commitment to transparency. With over 15 years of experience, Vantage is a trustworthy platform.

Why choose Vantage?

Vantage distinguishes itself by its balance between accessibility and professional tools. Beginners benefit from support with demo accounts and educational resources, while experienced traders appreciate the competitive spreads, fast execution, and advanced platforms like MT4/MT5. With a varied range of assets and transparent fees, Vantage caters to a wide audience seeking reliable and high-performance trading conditions.

What are the fees at Vantage?

The fees at Vantage are adapted to everyone. On ECN accounts, spreads start at 0 pip with a commission of $3 per lot. Standard accounts offer slightly higher spreads, but without commission. No deposit or withdrawal fees are applied, and the cost of inactivity is limited. With Vantage, you keep control of your costs to invest effectively.

Who is Vantage for?

Vantage is perfect for traders looking for professional conditions, while remaining accessible to beginners. If you want a fast platform, competitive fees and advanced tools, Vantage is an excellent choice. Whether you are learning or perfecting your strategies, you will find the necessary resources.

Is it easy to withdraw money from Vantage?

Withdrawing funds from Vantage is fast and secure. Requests are processed in less than 48 hours and you can choose between bank transfer, cards or electronic wallets. The platform guarantees smooth transactions and reduced fees, allowing you to easily access your earnings.

Is Vantage reliable?

Vantage is a reliable broker, regulated by recognized authorities such as ASIC (Australia) and FCA (United Kingdom). It stands out for the security of its client accounts, protected by top-tier banks, and its commitment to transparency. With over 15 years of experience, Vantage is a trustworthy platform.

Why choose Vantage?

Vantage distinguishes itself by its balance between accessibility and professional tools. Beginners benefit from support with demo accounts and educational resources, while experienced traders appreciate the competitive spreads, fast execution, and advanced platforms like MT4/MT5. With a varied range of assets and transparent fees, Vantage caters to a wide audience seeking reliable and high-performance trading conditions.

What are the fees at Vantage?

The fees at Vantage are adapted to everyone. On ECN accounts, spreads start at 0 pip with a commission of $3 per lot. Standard accounts offer slightly higher spreads, but without commission. No deposit or withdrawal fees are applied, and the cost of inactivity is limited. With Vantage, you keep control of your costs to invest effectively.

Who is Vantage for?

Vantage is perfect for traders looking for professional conditions, while remaining accessible to beginners. If you want a fast platform, competitive fees and advanced tools, Vantage is an excellent choice. Whether you are learning or perfecting your strategies, you will find the necessary resources.

Is it easy to withdraw money from Vantage?

Withdrawing funds from Vantage is fast and secure. Requests are processed in less than 48 hours and you can choose between bank transfer, cards or electronic wallets. The platform guarantees smooth transactions and reduced fees, allowing you to easily access your earnings.

Our 7 tips for buying HCL Technologies stock

The latest news about HCL Technologies

HCL Technologies reported robust Q4 FY2025 results with 8% YoY net profit growth and strong margins. The company posted a net profit of ₹4,307 crore for the quarter, up 8% year-over-year, alongside an EBIT margin of 17.9% on revenues that grew 6% to ₹30,246 crore. This operating performance met analyst expectations and reinforced HCL’s reputation for stable financial execution in the Indian market. The annual results were also strong, with FY2025 net income rising 11% to ₹17,390 crore, reflecting disciplined cost management and the company’s ability to maintain profitability amid global macroeconomic uncertainties.

Management emphasized a positive outlook supported by strategic deals totaling $3 billion TCV in Q4, notably in AI services. HCL Technologies secured new contracts with a total contract value of $3 billion during the March quarter, largely driven by extensive AI-related offerings and a revamped go-to-market organization. The leadership indicated these wins will serve as key revenue catalysts for FY2026 and beyond, supporting the company’s projected revenue growth guidance of 2–5% in constant currency and an increased focus on high-value digital transformation projects in India and globally.

The Board declared an interim dividend of ₹18 per share, raising FY25 total dividends to ₹60 and highlighting a shareholder-friendly policy. By distributing a total dividend amounting to 93.5% of earnings per share for FY2025, HCL is reinforcing its strong commitment to rewarding shareholders, particularly benefiting domestic Indian investors who value consistent and attractive dividend payouts. With a current dividend yield of 3.44%, the stock remains appealing for yield-oriented market participants in India, especially as the IT sector sees increased competition for investor capital.

Technical indicators have turned favorable as the 100-day moving average crossed above the 200-day, signaling a potential long-term uptrend. Recent technical analysis points to a “golden cross” event on HCL’s chart, with the 100-day moving average overtaking the 200-day, commonly interpreted as a bullish signal. The MACD shows a buy signal, and the RSI remains neutral, indicating stable momentum. The current price is near its short-term moving averages but above key support levels, suggesting market participants are seeing renewed confidence in the stock’s medium-term prospects on the National Stock Exchange of India.

International recognition as the fastest-growing IT services brand and strong promoter holdings underscore HCL’s leadership in Indian IT. HCL Technologies was named the fastest-growing IT services brand among the world’s top ten, with approximately 16% YoY growth in brand value—a testament to its reputation and expanding market presence. The company’s status as India’s third largest IT services firm is complemented by a solid ownership structure, with promoters retaining a 60.82% stake. These factors reinforce HCL’s strategic importance within the Indian IT industry and provide regulatory and operational stability valued by local analysts and investors.

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P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.