HCL Tech Shares: HCL Tech Share Price on NSE/BSE
Today HCL Tech shares have fallen by 6% after Q4 results for the FY24. HCL Tech shares had the previous day’s closing price of Rs 1,473.85 and today started the day at Rs 1,415.00 and till now the stock has seen a decline of up to 6%. Currently HCL Tech share price is trading at Rs 1386.95.
Key Points
HCL Tech FY24 Q4 results
HCL Tech IT Company has declared net profit of Rs 3,995 for the quarter ended March 31,2024, which has increased by 0.35% margin compared to the previous quarter result. Operational revenue in Q4FY23 was Rs 27,059, which is 5.3% higher than last year’s Rs 28,499. Also, the company has declared an interim dividend of Rs 18 per equity share for the financial year 2024-25.
HCL Tech reported its Operating income of Rs 20,967 crore for FY24, revenue of Rs 111,408 crore, net income of Rs 16,565 crore, total assets Rs 16,565 crore and total equity of Rs 68,271 crore for FY24 in its quarter4 result.
HCL Tech Financial Metrices
Today HCL Tech shares started the day at Rs 1,415.00 and the high for the day was Rs 1,436.00 and low was Rs 1,382.10. Total market capitalization is Rs 3.75LCr. The stock’s 52-week high is Rs 1,697.00 and the stock’s 52-week low is Rs 1,048.30. The company is providing a dividend yield of 3.75% on the other hand it is providing the sector dividend yield of 1.94%. PE ratio of HCL Tech shares is 25.42 and sector PE ratio is 30.08. PB ratio of stock is 6.10 and sector PB ratio is 8.14. HCL Tech is an Indian multinational Information Technology (IT) company.
HCL Tech Peer Comparison with other Competitors
It is the peer comparison between HCL Tech Ltd and some other leading competitive industries which reports the market performance of the stocks for its shareholders for further trading and investment options but before making any investment make sure to consult with an expert.
| Industry Name | PE Ratio | 1 Year Return | Buy Recommendation by Experts |
| HCL Tech Ltd | 25.42 | 29.47% | 41.00% |
| Tata Consultancy Services Ltd | 30.12 | 19.49% | 55.81% |
| Infosys Ltd | 22.57 | 16.51% | 69.05% |
| Wipro Ltd | 21.95 | 24.04% | 17.50% |
| LTIMindtree Ltd | 30.95 | 15.09% | 34.29% |
Financial Growth History of HCL Tech Stock
The company had its IPO in the market on 10 November 1999, with an issue price of 142 crore (14.2 million) shares, which was valued at ₹4 each.
HCL Tech Limited Shares listed on both National Stock Exchange (NSE) and BSE (Bombay stock Exchange). If we look at the financial growth history of HCL Tech Ltd stock, it has given a return rate of 142.50% in the last 5 years and it has given a return rate of 29.69% in the last 1. In the last 6 months, HCL Tech Ltd stock has given a return rate of 9.59% to its shareholders and now if we talk about Financial Year 24, it has performed slightly down in the last 1 month and has given a negative return rate of -10.97%.
In the last 5 years, HCL Tech revenue growth has increased by 14.7% compared to the industry average growth rate of 13.37% and net income in the last 5 years has increased by 11.23% compared to the industry average growth rate of 1016%. HCL Tech market share has increased from 12.71% to 13.89%.
About HCL Tech Ltd
HCL Tech is an Indian multinational Information Technology (IT) company which was established in 12 November 1991 headquarters is in Noida, Uttar Pradesh, India. Shiv Nadar is the founder of HCL Tech Ltd company and C Vijaykumar is the CEO if this IT company. HCL Tech is an IT company which provide services in a variety of range of software development services, consulting services, business process outsourcing services and technology infrastructure services. HCL Tech is a worldwide software company which is spread across 52 countries and more than 225,944 employees works here.
The products produced by HCL Tech are HCL Notes /Domino, HCL AppScan, HCL Connections, HCL Commerce, Actian, HCL BigFix, HCL Unica, HCL iNotes and HCL SameTime. HCL Group is the parent company of HCL Tech Ltd.
HCL Tech share price target
Share price target for HCL Tech for 2024, 2025,2026 and 2030 is only an estimated price target which I calculated on various technical factors. But keep this in mind that before making any financial investment, always take advice from your financial expert.
HCL Tech share price target for 2024
Share price target for HCL Tech for 2024 has been calculated according to its trending market situations and it could be predicted as Rs 2005.00.
HCL Tech share price target for 2025
Share price target for HCL Tech for 2024 could be predicted as Rs 2318.00. if market will remain bullish its price could cross this estimation.
HCL Tech share price target for 2026
Share price target for HCL Tech for 2025 could be predicted as Rs 2725.00. This is just a prediction which is dynamic, if the market trend changes then the price will also change.
HCL Tech share price target for 2030
Share price target for HCL Tech for 2030 could be predicted as Rs 4615.00. Before making any investment consult with an expert for financial investments.
Disclaimer: The information provided is for informational purposes only and does not represent financial advice or guidance. Investing in the stock market involves essential risks, and individuals should conduct thorough research or seek professional guidance before making any investment decisions. The content reflects the market situation at the time of writing and is subject to change. The author and platform do not guarantee the accuracy or completeness of the information and shall not be responsible for any losses or damages occurs from actions taken based on the provided information.
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