HCL Tech stock: At 20.41 times earnings, HCL Tech stock trades above peers

Published on 10/16/2026 at 18:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Dividend yield is 0.04 percent as of October 16, 2026. HCL Tech stock costs INR 1,380.00 on October 16, 2026, up 1.47 percent versus the NSE close.

Valuation and market frame

On October 16, 2026, HCL Tech traded at 20.41 times earnings against lower peer ratios.
Dividend yield stood at 0.04 percent as of October 16, 2026.
HCL Tech stock costs INR 1,380.00 at 3:28 p.m. IST on October 16, 2026, up 1.47 percent on the NSE versus the prior close.
HCL Tech's market capitalization was INR 3.7 trillion on October 16, 2026.

HCL Tech, INE860A01027, Illustration mit AI erstellt.

At 20.41 times earnings, HCL Tech trades above TCS at 17.28 and Infosys at 15.69 on October 16, 2026. This valuation gap is the clearest market frame for the stock. HCL Tech stood at INR 1,380.00 on the NSE at 3:28 p.m. IST on October 16, 2026, up 1.47 percent versus the NSE prior close.

Dividend yield stays at 0.04 percent

HCL Tech carried a dividend yield of 0.04 percent on October 16, 2026. Its market capitalization was INR 3.7 trillion, compared with INR 8.9 trillion for TCS and INR 4.7 trillion for Infosys. The figures put HCL Tech between the two larger peers by market value while leaving its earnings multiple above both.

Stock remains below its yearly high

The stock's NSE range ran from INR 1,348.60 to INR 1,384.80 on October 16, 2026. At INR 1,380.00, it stood 22.48 percent below the 52-week high of INR 1,780.10 and 33.98 percent above the 52-week low of INR 1,030.00. Trading volume reached 6,571,041 shares against an average of 3,097,730 shares.

Second-quarter margins improved

On October 12, 2026, HCLTech had reported second-quarter fiscal 2027 revenue of USD 3,724 million, up 2.00 percent quarter over quarter and 2.20 percent year over year. EBIT margin reached 18.20 percent, including a restructuring cost effect of 131 basis points. The company set fiscal 2027 constant-currency revenue growth guidance at 2.50 percent to 4.00 percent.

Comparison with peers

HCL Tech (NSE, INR): plus 1.47 percent, P/E 20.41, market capitalization INR 3.7 trillion

TCS (NSE, INR): plus 4.89 percent, P/E 17.28, market capitalization INR 8.9 trillion

Infosys (NSE, INR): plus 4.61 percent, P/E 15.69, market capitalization INR 4.7 trillion

Price stays above the prior close

HCL Tech's valuation remains the key market distinction on October 16, 2026, while the stock sits below its 52-week high and above its 52-week low. The next major reference point is the company's fiscal 2027 reporting cycle after the September quarter reported on October 12.