HCL Tech stock: Nomura raises target from INR 1,310 to INR 1,330 for HCL Tech stock

Published on 10/19/2026 at 15:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

HCL Tech trades at 20.41 times earnings on October 19, 2026. HCL Tech stock costs INR 1,379.90, down 0.01 percent versus the NSE close.

Broker views and valuation

On October 13, 2026, Nomura raised its HCL Technologies target from INR 1,310 to INR 1,330.
HCL Tech traded at 20.41 times earnings on October 19, 2026.
HCL Tech stock was last at INR 1,379.90 on October 19, 2026 at 3:29 p.m. IST, down 0.01 percent versus the prior NSE close.
HCL Technologies had a market capitalization of INR 3.7 trillion on October 19, 2026.

HCL Tech, INE860A01027, Illustration mit AI erstellt.

Nomura raised its target for HCL Technologies from INR 1,310 to INR 1,330 on October 13, 2026, according to ET Now. The revised target sits 3.62 percent below HCL Tech's last traded price. HCL Tech stock was last at INR 1,379.90 on October 19, 2026 at 3:29 p.m. IST, down 0.01 percent versus the prior NSE close.

Range leaves room above

HCL Tech's 52-week range ran from INR 1,030.00 to INR 1,780.10 on October 19, 2026. The latest price stood 22.48 percent below the high and 33.97 percent above the low, placing the stock in the lower half of its annual range.

Trading volume reached 3,992,586 shares on October 19, 2026, compared with an average of 3,122,070 shares. That was 27.89 percent above the average, while the stock's daily change was close to flat at minus 0.01 percent.

Valuation remains measurable

HCL Technologies carried a market capitalization of INR 3.7 trillion on October 19, 2026. Its P/E ratio was 20.41, and its dividend yield was 0.04 percent. The figures place the company above Tata Consultancy Services and Infosys on the reported earnings multiple.

Comparison with peers

HCL Tech: minus 0.01 percent, P/E 20.41, market capitalization INR 3.7 trillion
Tata Consultancy Services (NSE, INR): minus 0.17 percent, P/E 17.25, market capitalization INR 8.9 trillion
Infosys (NSE, INR): minus 2.63 percent, P/E 15.27, market capitalization INR 4.6 trillion

Target stays below the quotation

Nomura's INR 1,330 target is 3.62 percent below the latest HCL Tech price, a gap that keeps the broker's revised figure beneath the market quotation. The comparison is descriptive rather than a recommendation.

HCL Tech was last at INR 1,379.90 on October 19, 2026 at 3:29 p.m. IST, down 0.01 percent versus the prior NSE close.