We are discussing HCL Tech’s 1.24 Crore Equity Shares Were Sold at Rs 1,788 Crore in Block Deals:
HCL Technologies sold 1.24 crore equity shares in block deals for Rs 1,788 crore. CNBC TV18 mentioned that with a 1 percent discount from the previous close, the deal saw a 0.45 percent equity stake changing hands at an issue price of Rs 1,440.5 per share. On Thursday, the IT firm announced a 0.8 percent increase in its shares with a close at Rs 1,455.
The stock for HCL tech is nearly 2 percent year-to-date due to less client spending in the US region. However, the Nifty 50 saw more than 10 percent during the same interval. Moneycontrol mentioned that the stock of HCL tech still outperformed that of Nifty 50 during the previous month. Macquarie upgraded its rating on HCL stock this week while showing an increase of 24 percent from the last closing and raising the target price to Rs 1,800. Macquarie named HCL Technologies stock a “marquee buy,” highlighting the improved margin expectations for the financial year 2026-27.
HCL Technologies offers services in various sectors, including industry solutions for financial services, technology and services, Telecom, Media, Healthcare, and Manufacturing. This IT company has been expanding its workforce and infrastructure to support growing business and market requirements. This expansion raised costs and expenditures, leading to under-profit margin pressure for the past few years.
HCL tech changed its hiring and expansion strategies by hiring more freshers with lower payment demands, hence lower workforce expenditure. The margin for HCL Technologies may not show many fluctuations for FY25, but hiring freshers with lower pay is expected to help the company with margin expansion for FY26 and FY27. The company empowers organizations to enable them to seize opportunities to use AI and Gen AI in their services. This tech company competes with other IT businesses, including Infosys, Wipro, and TCS.
Conclusion
An IT company, HCL Technologies, sold its 1.24 crore equity shares in block deals for Rs 1,788 crore. The tech giant reported a 0.8 percent increase in its shares with a close at Rs 1,455 on Thursday. Macquarie upgraded its rating on HCL stock this week while showing an increase of 24 percent from the last closing and raising the target price to Rs 1,800. Macquarie named HCL Technologies stock a “marquee buy,” citing the improved margin expectations for the financial year 2026-27.
The tech company lost expenditure while expanding its workforce and infrastructure to support growing business. This expansion raised costs and expenditures for the firm, leading to under-profit margin pressure for the past few years. HCL Technologies offers its services outside software and manufacturing solutions, including industry solutions for financial services, technology & services, Telecom, Media, Healthcare, and Manufacturing. This workforce expansion raised the firm’s overall costs and expenditures, which led to the firm’s being under profit margin pressure for the past few years. HCL tech changed its hiring and expansion strategies by hiring more freshers with lower payment demands, hence lower workforce expenditure.
