HCL Technologies Share Price Target 2024: HCL Technologies Limited has announced its financial results for the second quarter of FY 2024-25. After this, its stock is seeing a slight increase today. The company has also announced an interim dividend for the current financial year. Its shares were trading flat at 3 pm. It was seeing a rise of 0.86%. It was trading at Rs 1,871.90.

HCL Technologies Share Price Target 2024: HCL Technologies Share Target Price 2024

Investec has maintained a Sell rating with a target price raised from Rs 1312 to Rs 1540. The brokerage firm said that we have increased the price target with certain conditions. The brokerage firm said, "There were fewer deals in the first half, although the number of projects under construction is the highest ever. HCL has gained 43 percent in the last 4 months and FY25E EPS has increased by 2 percent after this increase."

Nuvama has maintained a buy rating with a target price hike of Rs 2125 compared to 2020. The brokerage firm said the company has posted a strong performance in Q2 FY25, beating estimates. It said the IT major has recorded strong broad-based growth across all segments. "Revenues have been upgraded; margins have been maintained. Valuation premium will remain intact with high growth and capital allocation," the brokerage firm said.

HCL Technologies Q2 Result FY2024-25

HCL Technologies (HCLTech) reported a 10.51 percent rise in consolidated net profit to Rs 4,235 crore in the July-September quarter of FY25. The Noida-headquartered company had posted a net profit of Rs 3,832 crore in the same period a year ago. HCLTech raised the lower band of its revenue growth guidance in constant currency to 3.5-5 percent as against the guidance of 3-5 percent in the first quarter.

HCL Technologies Dividend October 2024

HCL Technologies Limited has announced a 600 percent dividend payout on each share for FY 2024-25. This means that per equity share on a face value of Rs 2 for FY 25 will be Rs 12. The IT company has set October 22 as the ex-date and record date for the next dividend.

HCL Technologies Share Price History: HCL Technologies Share Price History

HCL Technologies is a constituent of the BSE Sensex. According to BSE Analytics (as of October 15), shares of HCL Technologies Ltd gave a positive return of 4.46 percent and 3.43 percent, respectively. In the last 1 month and 3 months, the shares of the IT company gained 2.36 percent and 18.94 percent respectively. On a YTD basis, the shares of the company gained 25.14 percent In the last 1 year, 2 years, 3 years, 5 years , and 10 years, the shares of the company gained 47.85 percent 85.15 percent 48.37 percent 241.47 percent, and 330.74 percent respectively.

HCL Technologies Dividend History

This year, HCL Technologies Ltd declared a dividend of Rs 12 each in January and July and Rs 18 in May. Last year, the IT giant had declared a dividend of Rs 10 each in January and July, and Rs 18 in April, and Rs 12 in October.

HCL Technologies Dividend Yield

At the current market price, the dividend yield of HCL Technologies Limited is 2.91 percent.