Stories
Brokerage Anand Rathi Recommends Buying HCL Technologies With Target Of Rs 1435
- •Anand Rathi remains bullish on HCL Technologies in its latest research report.
- •The brokerage has issued a buy rating on the stock.
- •A target price of Rs 1435 has been set for HCL Technologies based on the report dated October 13, 2026.
Key Questions Answered
Anand Rathi has issued a buy rating on HCL Technologies with a target price of Rs 1435 in its research report from October 13, 2026. Additionally, the brokerage upgraded HCLT to a buy, driven by factors like accelerating margin-accretive AI monetisation and robust deal wins.
HCLT delivered a strong Q2FY27 with revenue growing 2.3% quarter-on-quarter in constant currency, supported by services revenue growth of 3.0% quarter-on-quarter. Advanced AI revenue also scaled significantly to $219 million, marking a 28.4% increase quarter-on-quarter and about 6% of total revenue.
HCL Technologies revised its FY27 constant currency revenue growth guidance to 2.5–4.0% from the earlier range of 1–4%, and services guidance to 3–4% from the prior 1.5–4.5%. Meanwhile, the EBIT margin guidance for FY27 was maintained at 17.5–18.5%.