Market Performance
HCL Technologies’ stock has been making headlines with a remarkable 7% jump in its share price, making it the top gainer in the Sensex on April 23, 2025. At 10:00 AM, the stock was trading at ₹1,574.60 on the National Stock Exchange (NSE), reflecting the market’s positive response to the company’s March quarter results, which largely met expectations.
Key Figures:
- Share Price (April 23, 2025): ₹1,574.60 (up 7% from previous close)
- TTM P/E Ratio: 30.34
- Sector P/E: 26.71
Despite this recent surge, HCL Tech’s stock has experienced a negative 22.45% return year-to-date. However, over the past 5 days, the stock has seen an uptick of 7.39%, showing some resilience.
Main News
The significant rise in HCL Technologies’ stock price is attributed to the company’s quarterly results, which exceeded expectations. The March quarter financials showed strong numbers, with a reported net profit of ₹4,591 crore. This performance boosted investor confidence and contributed to the stock’s climb.
Additionally, HCL’s full-year revenue growth forecast has been revised upwards, now projecting 2-5% growth in constant currency terms, exceeding the previous forecast of 0-3%. The company has also kept its EBIT margin forecast intact, ranging between 18% to 19%.
Company Details
HCL Technologies Performance Snapshot:
- Net Profit: ₹4,591 crore (March Quarter)
- Revenue Growth Forecast: 2-5% (Constant Currency Terms)
- EBIT Margin: 18-19%
- Mutual Fund Stake: 8.35% (as of March 31, 2025)
- FII Stake: 19.15% (decreased from previous quarter)
Despite a mixed year overall, with the stock underperforming in the broader market, HCL Technologies is showing resilience in the short term. The company has received positive ratings from analysts, with 3 analysts recommending Strong Buy and 12 recommending Buy. However, there are 5 analysts with a Sell recommendation.
Summary of the Article
HCL Technologies has seen a significant rise in its stock price, driven by a solid performance in its March quarter results. The company has exceeded expectations with a reported net profit of ₹4,591 crore and raised its revenue growth forecast. The stock’s recent rally has made it the top gainer on Sensex, reflecting investor optimism.
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