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The Economic Times
Kotak Equities downgrades HCL Tech to reduce, says shares are fully valued
HCL Tech Share Price: Kotak Institutional Equities downgraded HCL Technologies to "reduce," citing full valuations and growth headwinds, while noting potential recovery in FY2026.
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Thu, Sep 19, 2024
CNBC TV18
HCL Tech shares are too hot to hold, says this analyst
HCL Technologies shares are among the best Nifty IT performers this year. That also makes it fully valued, according to analysts at Kotak Institutional Equities who have cut the rating to 'reduce'.
Business Standard
HCLTech tops TIME's World's Best Companies 2024 list among Indian firms
Indian IT firm HCLTech has been named the no.1 India-headquartered company in TIME magazine's World's Best Companies 2024 list. The Noida-headquartered firm has also secured a place in the global top 10 list within the Professional Services category. "This accolade underscores HCLTech's commitment to excellence and innovation. It reinforces our leadership in the industry and our status as a top employer. "Aligned with our purpose of 'Supercharging Progress' and 'Find Your Spark' employee value proposition, we are dedicated to maximizing employee potential, advancing community and social responsibility initiatives and achieving sustainability goals," said Rahul Singh, Chief Operating Officer of Corporate Functions, HCLTech. The World's Best Companies 2024 ranking identifies top-performing companies across the globe on the parameters of employee satisfaction, revenue growth, and sustainability. HCLTech posted a consolidated net profit of Rs 4,257 crore in the June quarter of FY25, u
The Economic Times
Technology sector poised for recovery; Coforge, HCL Tech could give 17-20% return in 1 year
The technology sector is set for a strong recovery, driven by increased investments and new technologies like Generative AI. Key sectors such as BFSI, healthcare, and manufacturing are expected to lead this growth. Service vendors and Global Capability Centers will play crucial roles in this expansion, with companies like HCL Technologies and Coforge positioned for significant gains.
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Sat, Sep 14, 2024
Mint
Nifty IT touches fresh all-time high, 5 stocks including MphasiS, Coforge reach new 52-week highs
5 stocks, including MphasiS, Coforge, Persistent Systems, HCL Technologies, and LTIMindtree, have reached new 52-week highs during the session. This rally has pushed the Nifty IT index to a 22.31% year-to-date gain, surpassing the Nifty 50's increase of 16%.
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Fri, Sep 13, 2024
The Economic Times
HCLTech completes acquisition of Paris based software firm Zeenea
This is the second acquisition that the company made in the first half of the current fiscal. Three months ago in May, the IT major announced its plans to acquire certain assets of Hewlett Packard Enterprise’s (HPE) Communications Technology Group (CTG) for $225 million (approximately Rs1,874 crore).
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Fri, Sep 13, 2024
The Economic Times
Put IT stocks on your radar as cos seen on cusp of a recovery: Motilal Oswal
Motilal Oswal Financial Services anticipates a recovery in the IT sector, citing a rebound after a phase of discretionary spending cuts, with HCL Technologies, LTI Mindtree, and Persistent Systems as top picks, and an upgraded ‘Buy’ rating for Coforge. The firm believes the sector is poised for sustained growth over the next 2-4 years.
Business Standard
HCLTech to show GenAI-based chatbot, other solutions at SEMICON India 2024
HCLTech on Tuesday said it will showcase its generative AI-based chatbot, along with its other engineering and AI solutions at the SEMICON India event. The three-day conference will commence on September 11, and will be inaugurated by Prime Minister Narendra Modi. "HCLTech suite of solutions on showcase will include conversational AI, HCLTech AI Force -- a generative AI solution that accelerates software development lifecycle, Digital Twins for Wafer Handler and Rack System, Spec to Parts and Spec to Platform and HCLTech Proto ATMP lab demos," HCLTech said in a statement. The IT company will showcase enterprise, digital and engineering innovations, specifically designed for the semiconductor ecosystem, it said. "We look forward to our participation in SEMICON India--especially at a time when India is poised to become a leading player in the semiconductor space. We're happy to contribute our skills, knowledge and engineering prowess gained over four decades. "Our collaborations wit
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Tue, Sep 10, 2024
Mint
IT Services sector poised for recovery: MOSL report highlights key drivers and top stock picks
A report by MOSL indicates the IT services sector may recover soon, with HCL Technologies, LTIMindtree, and Persistent Systems leading. Key recovery factors include U.S. interest rates and work division, with healthcare, manufacturing, and BFSI expected to drive growth as spending resurges.
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Tue, Sep 10, 2024
CNBC TV18
Analysts see 12% upside in HCLTech, recommend buying Indian Hotels, Grasim, Coforge, and NTPC
On Friday, market tech analysts Mitessh Thakkar, Shrikant Chouhan, and F&O analyst Soni Patnaik recommended these stocks for the short term.
Mint
Mahindra & Mahindra Financial, ITC & others hit 52 week high today ; Do you own any?
Following shares hit their 52 week high today - Mahindra & Mahindra Financial, ITC, SBI Life Insurance Company, Sun Pharmaceutical Industries, HCL Technologies
The Economic Times
Technical Breakout Stocks: How to trade ITC, HCL Technologies and HPCL on Tuesday
Investors showed interest in banks, IT, utilities, and FMCG sectors, while healthcare, capital goods, metal, and telecom stocks faced selling pressure.
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Mon, Sep 2, 2024
CNBC TV18
Sensex Today | Stock Market LIVE Updates: Nifty holds 25,300, Bajaj Finserv, HCLTech top gainers
Sensex Today | Stock Market LIVE Updates: Indian benchmark indices Nifty 50 and Sensex opened today's trade session hgiher.
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Mon, Sep 2, 2024
The Economic Times
HCLTech, Wipro see discretionary spends uptick in BFSI sector
In a pleasant surprise for the industry, two of the top four Indian IT companies, HCLTech and Wipro, are ramping up discretionary spends in the banking, financial services, and insurance (BFSI) segment. Experts, anticipating a rate cut in September, are hoping the revival of discretionary spending will be widespread in the next two quarters.
Mint
Why Infosys and HCLTech have the longest running CEOs
HCLTech’s C. Vijayakumar and Infosys’s Salil Parekh have maintained long tenures, contrasting with recent CEO changes at TCS, Wipro, and Tech Mahindra. They have driven significant growth, stability, and shareholder value, although both face challenges with declining profitability.
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Sun, Sep 1, 2024
The Economic Times
HCL Technologies, Bharti Airtel among 7 Nifty50 stocks hitting new 52-week highs on Friday
in today’s session, seven Nifty50 stocks reached new 52-week highs. Here’s the list.
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Fri, Aug 30, 2024
Mint
Torrent Pharmaceuticals, Divis Laboratories & others hit 52 week high today ; Do you own any?
Following shares hit their 52 week high today - Torrent Pharmaceuticals, Divis Laboratories, Abbott India, HCL Technologies, Bajaj Auto
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Fri, Aug 30, 2024
CNBC TV18
Top stock picks | AU SFB, Coforge, IOC, RIL, ONGC, Coal India, HCLTech, HPCL on the radar
On Friday, market tech analysts Mitessh Thakkar, Avani Bhatt, and F&O analyst Chandan Taparia recommended these stocks for the short term.
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Fri, Aug 30, 2024
Business Line
HCLTech shares rise on positive analyst outlook
Morgan Stanley retains ‘Overweight’ rating; Jefferies confirms ‘Hold’ rating
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Thu, Aug 29, 2024
Mint
IT firms let go of employees on bench for over two months to cut costs
Software services providers HCLTech, Cognizant, Tech Mahindra Ltd, Infosys Ltd, and Wipro are reviewing their bench policy amid slowing client demand.
Business Line
HCLTech stocks surge post Xerox AI deal
HCLTech to support Xerox’s digital reinvention for long-term growth and efficiency
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Tue, Aug 27, 2024
CNBC TV18
Marketbuzz Podcast with Kanishka Sarkar: Sensex, Nifty 50 to start lower, IT stocks, Paytm in focus
Marketbuzz Podcast: The market is likely to start the day lower following mixed global cues, with stocks like Paytm, HCLTech, GPT Infra and Lemon Tree in focus. Tune in to the podcast for more
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Tue, Aug 27, 2024
CNBC TV18
HCLTech extends agreement with Xerox to drive innovation with AI and digital engineering
HCLTech will assist Xerox with its 'reinvention,' which is the fundamental and structural redesign of the company. Shares of HCL Technologies Ltd ended at ₹1,720.90, up by ₹57.70, or 3.47%, on the BSE.
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Mon, Aug 26, 2024
Business Standard
HCLTech extends partnership with Xerox in AI and digital engineering
Xerox and HCLTech started their partnership in 2009 with a focus on product engineering and IT and process support services
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Mon, Aug 26, 2024
The Economic Times
HCLTech extends 15-year-old partnership with Xerox
HCLTech said in a filing with BSE that it will leverage automation, product and sustenance engineering and process operations services, along with its advanced full-stack GenAI platform, HCLTech AI Force.
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Mon, Aug 26, 2024
Business Line
TCS, Infosys, Wipro, HCLTech: IT stocks rally can get derailed by simple math
‘It was only necessary to buy good stocks regardless of price and then to let nature take her upward course - the results of such a doctrine could not fail to be tragic’ - Benjamin Graham
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Sat, Jul 20, 2024
Business Standard
HCLTech Q1FY25 results: Net profit rises 20.4% to Rs 4,257 crore
HCLTech maintained revenue guidance for FY25 at 3-5%
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Fri, Jul 12, 2024
Business Standard
Quess Corp appoints Gurmeet Chahal as CEO of Quess Global Technology Solution
The company added, "Gurmeet Chahal comes with over 25 years of experience in digital transformation globally, across industries including healthcare, financial services, hi-tech and manufacturing. He joins us from Genpact where he led the Digital Transformation Services globally. Prior to that, he incubated, scaled and led large technology transformation businesses at HCL Technologies and DXC. Quess GTS will leverage Gurmeet's extensive knowledge in AI, technology services, business process management and digital transformation -skills that have consistently helped clients achieve their strategic goals and enhance customer satisfaction."
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Tue, Jul 9, 2024
The Economic Times
HCLTech launches global delivery centre in Patna
This first centre of the company in Bihar will focus on the delivery of IT and engineering services for hi-tech and semiconductor companies.
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Wed, Jul 3, 2024
Business Line
HCLTech plans to train 10,000 employees on IBM’s watsonx AI and data platform
The CoE will be available through HCLTech’s AI and Cloud Native Labs in Noida, London, New Jersey, and Santa Clara in the US
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Tue, Jul 2, 2024
The Economic Times
Fidelity funds sell Rs 1,788-cr HCL Tech shares
ICICI Prudential Mutual Fund was the single largest buyer at 1,001 crore, followed by Morgan Stanley Asia Singapore PTE and Citigroup Global Markets Mauritius fund. Shares of HCL Technologies closed 0.42% up on NSE at 1,461 Friday.
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Sat, Jun 29, 2024
Business Standard
Fidelity Investments sells HCL Technologies shares for Rs 1,788 crore
As per the data available with the NSE, Fidelity Investment sold a total of 12,414,228 shares or 0.46 per cent stake in HCL Technologies
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Fri, Jun 28, 2024