HCL Tech Shares Jump 6% After Q1 Results; How To Get Rs 1,20,000 Or Rs 12/Share Dividend? BUY Or AVOID?

HCL Technologies' share price emerged among top gainers on October 13, 2026, after delivering a healthy Q2 results for FY27. The large-cap tech behemoth has rallied by more than 6%, driving overall buying sentiment in Nifty IT index. HCL Tech posted 2.6% YoY constant currency growth, while its new deal wins reached $3,258 million.

Also, HCL's profitability witnessed double-digit growth in Q2FY27, while a hike in FY27 guidance further added to the buying sentiments. Moreover, investors are in for a treat, as HCL will also pay an interim dividend of whopping Rs 12 per share. The higher the shares you hold of HCL, the higher is your dividend benefit.

HCL Technologies Share Price:

At the time of writing, HCL shares traded at Rs 1,284.30 apiece on BSE, higher by 5.27% with market cap of Rs 3,48,516.01 crore. The stock rallied by a whopping 6.06% to hit an intraday high of Rs 1,294.40 in the early trade.

HCL posted 11% QoQ and 21.2% YoY growth in net profit to Rs 5,132 crore in Q2FY27, while its revenue surged by 11.5% YoY and 3% QoQ to Rs 35,620 crore. In constant currency, revenue growth stood at 2.3% QoQ and 2.6% YoY. Advanced AI revenue came in 28.4% QoQ and 78% YoY in constant currency to $219 million. Also, HCL's new deal wins stood at $3,258 million.

Additionally, HCL raised the lower-end of its FY27 guidance for revenue to 2.5%-4% from 1-4% previously. IT services revenue guidance stood at 3% to 4%, while EBIT margin is retained to 17.5% to 18.5%.

"HCLTech delivered a healthy Q2FY27, with services revenue growing 3.0% QoQ CC (2.3% organic), supported by a broad-based execution and Advanced AI traction. Record H1 bookings, including Q2 TCV of $ 3.3 billion (+27% YoY), improve medium-term visibility, although macro uncertainty and weak discretionary spending persist. Advanced AI revenue grew 28.4% QoQ to $219 million, with AI featuring in every large deal," analysts at Choice Institutional Equities said.

Further, they pointed out that AI-led deflation in traditional services is being offset by market-share gains and incremental AI opportunities, though sustainability remains uncertain. EBIT margin expanded 131 bps QoQ to 18.2%, aided by efficiency and a higher-margin AI mix. FY27 revenue guidance was revised to 2.5-4.0%, while the organic growth midpoint remains broadly unchanged after acquisitions.

"We remain positive on execution, bookings and AI monetisation, but cautious on broad-based demand recovery," their note added.

HCL Technologies Interim Dividend:

HCL Technologies has declared an interim dividend of Rs 12 per share for the financial year 2026-27. It said, "The Record date for the payment of the aforesaid interim dividend shall be October 16, 2026, and the payment date of the said interim dividend shall be October 26, 2026."

Earlier, HCL Tech rewarded investors with first and second interim dividend of Rs 24 and Rs 12 per share in April and July.

The higher HCL shares you hold in demat account by the end of the record date, the higher will be your dividend payout.

Both the record and ex-date usually fall on the same day. They are called "deadlines" and are meant for identifying the names of shareholders to receive dividends. If you miss the October 16th deadline and bought HCL shares after, you will not be eligible. So, investors should hold HCL shares in their demat account as of October 16, 2026.

How To Get Rs 1,20,000 Dividends On HCL Shares?

The calculation is simple: You get the dividend amount on every 1 share if you are eligible. So if you hold 1 HCL share, you get Rs 12. For holding 10 HCL shares, you get Rs 120 in bank account. The number rises to Rs 1,200 in the bank account for holding 100 shares, or Rs 6,000 on 500 HCL shares. If you hold 10,000 HCL shares, you get a whopping Rs 1.20 lakh in the form of dividends.

HCL Technologies Shares Held	Gross Dividend
10	₹120
50	₹600
100	₹1,200
200	₹2,400
500	₹6,000
1,000	₹12,000
5,000	₹60,000
10,000	₹1,20,000

Should You Buy OR Avoid HCL Shares?

Analysts at Choice have retained their "ADD" rating on HCL with target price of Rs 1,330.

Also, analysts at Emkay Global said, "for FY27, HCLT largely retains the midpoint of its organic revenue guidance, with overall CC revenue growth of 2.5-4.0% (implying 1.5-3.5% CQGR) and Services growth of 3.0-4.0% (0.1-1.4% CQGR), with 17.5-18.5% EBITM. Guidance includes inorganic contributions of 87bps to overall revenue and 62bps to Services. The management confidence stems from strong bookings, a healthy pipeline, and sustained momentum in advanced AI revenue. We tweak our estimates by - 0.4% to 2.6%, factoring in the 2Q performance; retain ADD/TP of Rs1,250 at 16x Sep-28E EPS."

However, analysts at JM Financial believes that HCL's quarterly performance was slightly lower than expected. The analysts note added, "Forward-looking indicators: i) FY27 services revenue guidance came in at 3-4% cc including acquisitions (earlier 1.5-4.5% organic) - organic mid-point largely unchanged as per management. ii) FY27 overall guidance came in at 2.5-4% cc including acquisitions (earlier 1-4% organic) - organic mid-point largely unchanged as per management. Overall FY27 EBIT margin guidance remains unchanged at 17.5-18.5%, despite integrating acquisition impact. iii) Net new TCV for Q2 stood at $ 3.3 billion, LTM TCV grew 12% YoY - includes European Fortune Global 50 deal worth USD 1.14bn - revenues likely from Q1FY28. iv) Management commentary - demand was healthy towards the end of the quarter however it remained cautious given the fluid macro environment."

Accordingly, their note said, "Services will do better than the mid-point, as per management. Maintain our target multiple at 15x. Revise FY27-29E estimates by ~3-4% given better than expected margins. Hence, revised TP of Rs 1,160 (Rs 1,135 earlier). Valuations are at ~16x 1Y forward consensus EPS (~20% premium to TCS). Maintain REDUCE."

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