HCLTECH.NS HCL Technologies NSE closes INR 1,729.60 on 28 Jan 2026: AI demand firms outlook
HCLTECH.NS stock closed at INR 1,729.60 on the NSE on 28 Jan 2026, rising 1.32% from the prior close. The move tracked sector strength as AI project demand picked up across large enterprise clients. HCL Technologies Limited reported a near-term deal pipeline boost and a string of AI partnerships, keeping investor focus on growth in digital and cloud services. As an AI stocks play, HCLTECH.NS blends steady cash flow with higher-margin software and platform deals, a dynamic we will quantify below with valuations and model forecasts from Meyka AI-powered market analysis platform.
HCLTECH.NS stock: market recap and AI drivers
HCLTECH.NS closed at INR 1,729.60 on NSE, up 1.32% on 28 Jan 2026. Volume reached 2,713,617 shares, above the average 2,393,818. The stock hit a intraday high of INR 1,734.40 and low of INR 1,691.00. Enterprise AI contracts and a recent supplier award lifted sentiment. HCLTech won Ericsson’s 2025 Innovation Award, reinforcing enterprise trust in its AI and automation capabilities MarketWatch.
HCLTECH.NS stock financials and valuation
HCL Technologies shows EPS INR 60.60 and PE 28.39 on current TTM data. Market capitalization stands near INR 4,654,263,334,169.00. The company posts healthy cash per share INR 120.84 and free cash flow per share INR 79.06. Compared with the Technology sector average PE 42.94, HCLTECH.NS trades at a relative discount. Price averages: 50-day INR 1,653.15 and 200-day INR 1,577.61, signaling medium-term strength.
Meyka AI rates HCLTECH.NS with a score out of 100 and forecast
Meyka AI rates HCLTECH.NS with a score out of 100: 79.54 (Grade B+, Suggestion: BUY). This grade factors S&P 500 comparison, sector and industry peers, financial growth, key metrics, forecasts, and analyst consensus. Meyka AI’s forecast model projects a yearly price of INR 1,944.14, implying an upside of 12.41% versus the current INR 1,729.60. Forecasts are model-based projections and not guarantees. These grades are not guaranteed and we are not financial advisors.
HCLTECH.NS stock technicals and trading setup
Momentum indicators show neutral bias. RSI reads 53.03 and ADX is 29.22, indicating a defined trend. Bollinger middle band sits at INR 1,650.38 and ATR is INR 29.73, implying moderate intraday moves. Short-term support is near INR 1,650.00 and resistance cluster sits at INR 1,752.50 (year high). Traders should watch volume spikes above 3.0M for conviction.
Risks, catalysts and AI sector context for HCLTECH.NS stock
Key catalysts include large AI deal wins, platform adoption, and cloud migration contracts. HCLTech announced a multi-year digital transformation deal with a global consumer client recently PR Newswire. Risks include tight pricing in legacy services, margin pressure from wage inflation, and macro IT spend slowdowns. Within the Technology sector, HCLTECH.NS benefits from lower relative PE and steady free cash flow.
Investment view and price targets for HCLTECH.NS stock
Analyst consensus is mixed but leans positive for AI-led growth. Meyka AI sets a one-year base target near INR 1,950.00 and a conservative target at INR 1,650.00. A bullish scenario targeting INR 2,250.00 assumes strong large-deal closures and margin expansion from higher software sales. Use position sizing and stop-loss rules to manage downside volatility.
Final Thoughts
HCLTECH.NS stock closed at INR 1,729.60 on 28 Jan 2026, reflecting renewed investor focus on AI services and platform deals. The company reports solid cash flow metrics and an EPS of INR 60.60, while trading at a PE of 28.39, cheaper than the Technology sector average of 42.94. Meyka AI’s forecast model projects INR 1,944.14 in one year, an implied upside of 12.41% versus today’s price. Our view frames HCL Technologies Limited as an AI-capable large-cap with reliable free cash flow and a clear path to higher-margin deals. Short-term risks include contract delays and cost pressure. For investors focused on AI stocks, consider a phased entry targeting INR 1,650.00 support and a one-year price target near INR 1,950.00. Forecasts are model-based and not guarantees, and these insights should complement your own research.
FAQs
What drove HCLTECH.NS stock higher on 28 Jan 2026?
HCLTECH.NS stock rose on 28 Jan 2026 due to AI contract wins and a supplier award that improved client sentiment. Volume of 2,713,617 shares exceeded the average, indicating institutional interest.
How does HCLTECH.NS stock valuation compare with the sector?
HCLTECH.NS stock trades at PE 28.39, below the Technology sector average PE 42.94. That suggests relative value versus peers, given HCLTech’s cash flow and EPS strength.
What price targets exist for HCLTECH.NS stock?
Meyka AI models set a one-year target of INR 1,944.14 and a base analyst target near INR 1,950.00. Conservative support sits at INR 1,650.00. Forecasts are not guarantees.
Should investors buy HCLTECH.NS stock for AI exposure?
HCLTECH.NS stock offers direct AI services exposure within a large-cap IT franchise. Meyka AI grades the stock B+ (BUY), but investors should weigh contract timing and margin risks.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.
