Software development, engineering, and business process outsourcing services are offered by HCL Technologies, a top global technology provider, to clients in a variety of industries. HCL Technologies, which has a market value of over $50 billion, has been continuously expanding over the past few years with a strong emphasis on innovation and digital transformation.
In this article, we’ll examine probable future influences on HCL Technologies’ share price objective and analyse the company’s recent performance. In order to anticipate HCL Technologies’ share price projection from 2024 to 2030 based on numerous scenarios and assumptions, we will also study market trends and the competitive environment.
This post is relevant whether you are a day trader, long-term investor, or just curious about the technology sector
HCL TECH SHARE PRICE TARGET 2024
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HCL TECH SHARE PRICE TARGET 2025
When | Maximum Price | Minimum Price |
January 2025 | 1,753.61 | 1,348.93 |
February 2025 | 1,757.13 | 1,351.64 |
March 2025 | 1,794.03 | 1,380.02 |
April 2025 | 1,758.85 | 1,352.96 |
May 2025 | 1,707.62 | 1,313.55 |
June 2025 | 1,784.46 | 1,372.66 |
July 2025 | 1,749.47 | 1,345.75 |
August 2025 | 1,803.58 | 1,387.37 |
September 2025 | 1,825.22 | 1,404.02 |
October 2025 | 1,872.68 | 1,440.52 |
November 2025 | 1,919.50 | 1,476.54 |
December 2025 | 2,005.87 | 1,542.98 |
HCL TECH SHARE PRICE TARGET 2026 TO 2030
HCL TECH SHARE PRICE TARGET BY | Maximum Price | Minimum Price |
2026 | ₹2,110.83 | ₹1,477.58 |
2027 | ₹1,794.21 | ₹1,255.94 |
2028 | ₹3,229.57 | ₹2,260.70 |
2029 | ₹6,634.04 | ₹4,643.83 |
2030 | ₹7,387.91 | ₹5,171.54 |
Looking ahead to the future, HCL TECH’s share price target for 2026 to 2030 reveals some interesting trends. In 2026, the maximum price target is projected to be ₹2,110.83 and the minimum price target is ₹1,477.58. The following year, in 2027, the maximum and minimum price targets are expected to be ₹1,794.21 and ₹1,255.94 respectively.
However, in 2028, the maximum price target jumps to ₹3,229.57, while the minimum price target is ₹2,260.70. In 2029, the maximum price target is projected to be a staggering ₹6,634.04, while the minimum price target is ₹4,643.83. Finally, in 2030, the maximum and minimum price targets are expected to be ₹7,387.91 and ₹5,171.54 respectively.
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FINANCIAL STRENGTH OF HCL TECHNOLOGIES LTD (2019 TO 2023)
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
Sales + | 60,427 | 70,676 | 75,379 | 85,651 | 101,456 |
Expenses + | 46,501 | 53,360 | 55,331 | 65,122 | 78,828 |
Operating Profit | 13,926 | 17,316 | 20,048 | 20,529 | 22,628 |
OPM % | 23% | 24% | 27% | 24% | 22% |
Other Income + | 943 | 589 | 927 | 1,067 | 1,358 |
Interest | 174 | 505 | 511 | 319 | 353 |
Depreciation | 2,073 | 3,420 | 4,611 | 4,326 | 4,145 |
Profit before tax | 12,622 | 13,980 | 15,853 | 16,951 | 19,488 |
Tax % | 20% | 21% | 30% | 20% | 24% |
Net Profit + | 10,120 | 11,057 | 11,169 | 13,523 | 14,845 |
EPS in Rs | 37.31 | 40.75 | 41.07 | 49.74 | 54.73 |
HCL Technologies has exhibited consistent financial growth over the years, as reflected in its annual financial performance from March 2019 to March 2023. The company’s sales have steadily increased from INR 60,427 crore in March 2019 to INR 101,456 crore in March 2023, showcasing a substantial revenue uptrend. Despite a proportional rise in expenses, the operating profit has also seen a positive trajectory, reaching INR 22,628 crore in March 2023, albeit with a slight decline in operating profit margin (OPM) from 27% in March 2021 to 22% in March 2023. The company’s focus on diversifying income sources is evident in the growth of other income, contributing to a robust profit before tax of INR 19,488 crore in March 2023. HCL Technologies’ consistent profitability is underscored by a net profit of INR 14,845 crore and an earnings per share (EPS) of INR 54.73 in the same period, reinforcing its financial stability and performance in the IT services industry.
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FAQ’s
What is the maximum share price target of HCL Technologies Ltd in 2026?
The maximum share price target of HCL Technologies Ltd in 2026 is expected to reach Rs. 2110.83.
What is the maximum share price target of HCL Technologies Ltd in 2027?
The maximum share price target of HCL Technologies Ltd in 2027 is anticipated to be Rs. 1794.21.
What is the maximum share price target of HCL Technologies Ltd in 2028?
The maximum share price target of HCL Technologies Ltd in 2028 is projected to reach Rs.
What is the maximum share price target of HCL Technologies Ltd in 2029?
What is the maximum share price target of HCL Technologies Ltd in 2030?
The maximum share price target of HCL Technologies Ltd in 2030 is projected to reach Rs. 7387.91.
CONCLUSION: Is HCL TECHNOLOGIES SHARE A GOOD BUY IN 2024?
It is clear from the financial statements for the previous five years that HCL TECH has experienced substantial growth in terms of revenue and profit. The company’s total revenue and PAT have constantly increased by positive percentages, a sign of its steady financial standing. The business has managed to keep up a strong operating profit margin and net profit margin despite certain variations in expenses. The company’s success is additionally enhanced by the rise in basic EPS.
Before purchasing HCL TECH shares, it is crucial to take into account a number of considerations, just like with any other investment. It is crucial to remember that past results do not guarantee future results and that the stock market can be unpredictable. It is crucial to carry out in-depth research on the business.
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