HCL Tech Shares Jump Ahead of Q1 Results; IT Stocks TCS, Infosys Buzzing; 5 Things To Watch In HCL Q1 Earnings

HCL Technologies' share price surged by over 1% on Monday, July 13, 2026, ahead of its Q1 results for FY27 scheduled later in the day. Not just that, HCL's rival tech stocks like Tata Consultancy Services (TCS), Infosys, Wipro, and Mahindra all are buzzing as well. HCL Technologies is expected to post steady revenue and expansion in EBIT margins. However, the majority of experts believe HCL could likely retain its constant currency revenue and operating margins guidance for FY27. Additionally, investors will focus on HCL's second interim dividend announcement as well.

IT Stocks Rally On July 13, 2026:

At the time of writing, Nifty IT index traded at 27,970.15, marginally down by 40.20 points or 0.14%.

However, tech stocks like Infosys, Wipro and Tech Mahindra dropped by 0.3% to 0.63%, erasing their early gains of nearly 1%. Also, TCS which surged nearly 2% in the opening bell, is now trading with 1.24% upside. While HCL Tech shares have mildly pulled back from their 1% early gains and is currently up by 0.75%.

However, sharp selloffs in tier-2 stocks like Coforge took lead in the bearish list with nearly 2% decline, followed by LTIMindtree and Persistent Systems which dropped by 1% to 1.5%. Also, Mphasis dropped by nearly 1%.

HCL Technologies Share Price Today

The Shiv Nadaq stock traded at Rs 1,172 apiece on NSE, registering an upside of 0.70%. This is after the stock gained 1% and touched an intraday high of Rs 1,183.70. Market is broadly bearish after the new missile strikes between US and Iran, which played a key role in dampening sentiments broad-based.

HCL Technologies Q1 Results Preview: 5 Things To Know

1. HCL Technologies Q1 Revenue & EBIT Margins, PAT Estimates

Yes Securities has given the following estimates for HCL Technologies earnings verticals:

- HCL Technologies is expected to post revenue of Rs 340.5 billion, reflecting growth of 12.2% YoY and 0.2% QoQ.

- In constant currency (CC) terms, growth is projected at 2.5% YoY and -0.6% QoQ.

- EBITDA is estimated at Rs 71.5 billion, up 18.5% YoY and 6.5% QoQ, with margins expected at 21.0%.

- PAT is projected at ~Rs 44.8 billion, implying growth of 16.6% YoY and a marginal decline of 0.2% QoQ.

Also, analysts at PL Capital said, "We expect HCLT revenue to decline by 1% QoQ in CC & 1.1% in USD terms due to software business seasonality & productivity pass-backs. We expect margin to decline by 110bps due to ramp-downs at 2 accounts, despite currency tailwinds. We expect HCLT to maintain its guidance for FY27."

2. TCV Deals Expected Healthy

"We expect healthy TCV of deal wins in the $2.2-2.5 billion range," analysts at Kotak Institutional Equities said.

3. FY27 Guidance To Be Retained

"We expect HCLT to retain overall revenue growth guidance of 1-4% and 1.5-4.5% in IT services business. The hurdle rate to achieve lower end and upper end of guidance stands at 0.7-2.7% from 2Q-4QFY27E," said Kotak analysts in the note.

In the previous quarter, the Shiv Nadar-backed company announced revenue growth guidance in the range of 1% to 4% in constant currency for FY27, while services revenue growth is expected between 1.5% to 4.5%. Also, EBIT margins are estimated between 17.5% to 18.5%.

4. HCL Technologies Upcoming Interim Dividend

HCL has said that its board of directors will consider the proposal of second interim dividend for FY27 on July 13, 2026. Earlier, HCL Tech declared first interim dividend of Rs 24 per share(2400%) for FY27, whose record date was April 5, 2026 and payment date was May 5, 2026.

In FY26, the company paid five interim dividends in 2025-26 financial year. The first interim dividend of Rs 6 per share was in January 2025, followed by Rs 18 dividend per share in April 2025. Later on, the company paid three more dividends of Rs 12 each in July 2025, October 2025 and January 2026.

5. HCL Technologies FY26 Performance:

For the full year 2025-26, HCL posted net profit of Rs 17,361 crore, down by 0.2% YoY. While revenue stood at Rs 130,144 crore, registering a growth of 11.2%.

Buy HCL Technologies Stock?

PL Capital has recommended ACCUMULATE with target price of Rs 1,140 per share. Meanwhile, Equirus Securities and Kotak have assigned 'REDUCE' rating with a target price of Rs 1,415 and Rs 1,120. On the other hand, Choice Institutional Equities has assigned 'BUY' rating with target price of Rs 1,410.

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