HCLTech launches NVIDIA tool: LKP sets INR 1,360 target for HCL Tech stock

Published on 10/25/2026 at 01:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 bookings reached USD 3.3 billion on October 12, 2026, up 27 percent year over year. For HCL Tech stock, EBIT margin was 18.2 percent.

Enterprise AI expands the case

HCLTech launched an NVIDIA-powered validation offering on October 21, 2026, using five named NVIDIA components.
Q2 FY27 bookings reached USD 3.3 billion, while EBIT margin stood at 18.2 percent on October 12, 2026.
LKP Research kept a Hold rating and an INR 1,360 target in its October 13, 2026 report.
The INR 12 interim dividend is scheduled for payment on October 26, 2026.

HCL Tech, INE860A01027, Illustration mit AI erstellt.

HCLTech launched an NVIDIA-powered vehicle validation offering on October 21, 2026, while LKP Research kept a Hold rating and an INR 1,360 target for HCL Tech stock in a report dated October 13, 2026. The latest product launch adds an AI-led operating angle to a company whose second-quarter results showed stronger bookings and margins.

AI launch adds a new angle

According to HCLTech on October 21, 2026, the offering combines agentic AI, physical AI simulation and intelligent orchestration for software-defined vehicle validation. The release names five NVIDIA components, including Omniverse, Cosmos, Alpamayo, Omniverse NuRec and Isaac Sim.

The chronology points to a broader AI push. On September 22, 2026, HCLTech said M Group had selected it for AI-led IT transformation across more than 200 locations. On October 12, 2026, the company reported USD 3.3 billion in new deal bookings, up 27 percent year over year, and on October 21, 2026, it launched the NVIDIA-powered validation offering.

What does the margin mean?

HCLTech reported Q2 FY27 revenue of USD 3.7 billion, up 2.2 percent year over year, while EBIT margin expanded to 18.2 percent. Its official release also set FY27 constant-currency revenue growth guidance at 2.5 percent to 4.0 percent and EBIT margin guidance at 17.5 percent to 18.5 percent, with restructuring costs affecting the reported margin. These figures give the AI launch a financial frame, but they also show why execution remains central.

Moneycontrol reported on October 14, 2026 that LKP Research downgraded HCLTech from Buy to Hold while leaving its INR 1,360 target unchanged. LKP cited low-single-digit organic growth, software weakness and uncertainty around discretionary technology spending as constraints on valuation.

Next date is October 26

The Economic Times reported that HCLTech declared an INR 12 interim dividend, with payment scheduled for October 26, 2026. The record date was October 16, 2026.

Stock context after the results

HCLTech was last shown at INR 1,422.20 on the NSE on October 23, 2026 at 3:30 p.m. IST. Its market capitalization was INR 3.8 trillion, while the 52-week range stood at INR 1,030.00 to INR 1,780.10 as of October 23, 2026. The combination of a new AI offering, firm bookings and a cautious analyst stance leaves margin delivery as the central investor measure.