HCL Technologies Stock Update: Share Price Rises on Strong Q2 Results and AI-Led Growth

HCL Technologies (HCLTECH) is witnessing a robust rally in early intraday trade, currently trading at ₹1,339.90. This marks a significant ascent from its previous close of ₹1,326.00 and an open of ₹1,320.00. The IT major has already touched an intraday high of ₹1,353.70, while its low for the session stands at ₹1,319.00. The stock is presently up by 1.05%, with a notable volume of 2,534,414 shares exchanged, indicating strong investor interest and active participation in today's session.

52-Week Context
Without specific 52-week high and low data provided, HCLTECH’s current trading range suggests a healthy momentum in the current market environment. The stock is building on recent gains, demonstrating a positive trajectory that is currently not testing any defined annual boundaries. Investors are keenly watching if this upward move can establish new yearly benchmarks in the sessions ahead.

Latest Developments
The primary drivers behind HCLTECH's continued upward movement stem from its strong second-quarter (Q2 FY27) financial results, announced after market hours on Monday, October 12, 2026, alongside a significant interim dividend declaration. The company reported a 21.18% year-on-year (YoY) rise in consolidated net profit to ₹5,132 crore, surpassing Street expectations. Revenue for the quarter also grew impressively by 11.5% YoY to ₹35,620 crore.

A standout feature of the results was the robust growth in Advanced AI revenue, which surged to $219 million, marking a 28.4% quarter-on-quarter (QoQ) increase and a substantial 78% YoY jump, pushing annualized AI revenue to $876 million. HCLTECH's management highlighted that agentic AI offerings alone crossed the $100 million-per-quarter mark. This strong performance in the high-margin AI segment significantly contributed to the company's Earnings Before Interest and Tax (EBIT) margin, which improved to 18.2%, beating estimates. The company also recorded strong new deal bookings totaling $3.3 billion, a 27% YoY increase, including a notable $1.14 billion mega deal from car manufacturer Mercedes-Benz.

Further bolstering investor sentiment, HCL Technologies revised its full-year revenue growth guidance upwards to 2.5-4% in constant currency from an earlier projection of 1-4%. The board also declared an interim dividend of ₹12 per equity share for the financial year 2026-27, with October 16, 2026, set as the record date and October 26, 2026, as the payment date. This comprehensive set of positive announcements has fueled strong buying interest in the stock, carrying forward momentum from Tuesday's session where it was a top gainer. While some brokerages like Citi and Kotak Securities maintain cautious ratings despite revised price targets, many like Nomura have reaffirmed 'buy' ratings and raised their targets, reflecting mixed but largely positive sentiment around the company's performance and AI strategy.

Outlook
For the remainder of the session, investors will be closely monitoring sustained buying volumes and any further analyst commentary on the stock. The market will also watch for broader IT sector cues, especially given the ongoing focus on AI integration and deal wins among peers.

Disclaimer: The information provided in this article is based on news reports and is not intended as investment advice. Investing in stocks involves risk. LatestLY advises its readers to consult with a financial advisor before making any investment decisions.

(The above story first appeared on LatestLY on Oct 14, 2026 09:56 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).