Share Market Live Insights: HCL Tech's Strategies and Growth Potential
HCL Tech’s Strategic Moves and Market Impact
Brokerages have raised target prices on HCL Technologies after the management discussed the firm’s strategic initiatives to boost growth during its Investor's Day. The firm’s leaders shared the IT player’s focus areas for growth in the medium term, cost take-out levers for investment funding, and proactive Gen AI adoption to increase market share.
At 10.20 am, HCL Technology shares were quoted at Rs 1,745 on the NSE, reflecting a 1.5 percent increase compared to the previous close. HCL Tech is poised to see growth in key areas, as highlighted during its Investor’s Day conference:
- Expansion in Data and AI markets driven by demand for cloud-native solutions.
- Digital engineering opportunities across various sectors including telecom and automotive.
- Growth in cybersecurity services, responding to cloud migration demands.
- Robust demand for chip design with HCLTech’s offerings well-positioned.
However, volatility in ER&D revenues is expected due to capex issues in hyper-scalers. Brokerages like Motilal Oswal and Kotak Institutional Equities maintain buy ratings, projecting significant share price growth, reinforcing optimism in the share market outlook.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.