HCLTech’s target price Uplifted by brokerages citing robust growth prospects

In a series of optimistic evaluations, multiple brokerage firms have revised their target prices for HCLTech stock after the company maintained its fiscal year revenue guidance at 3–5% year-on-year (y-o-y) and the operating margin at 18–19%, despite a challenging first quarter.

As a result, the stock rose nearly 5% intraday to a three-month high of Rs 1,636.40 on the National Stock Exchange. Eventually, the stock erased most of its gains to end 0.5% higher at Rs 1,568.