HCL Technologies Among Top Stocks to Watch
HCL Technologies (HCL) is in the spotlight as markets open this week, with investors eagerly awaiting the company’s Q2 FY26 results, scheduled for release on October 14, 2025. The tech giant’s performance will be closely monitored as it provides insight into the health of India’s IT services sector amid ongoing global economic uncertainty.
According to a Moneycontrol report, HCL Technologies joins other major names — including Tata Motors, RBL Bank, LG Electronics, and KEC International — on the list of key stocks to watch. Analysts expect HCL’s quarterly earnings to reflect steady revenue growth, driven by its robust order pipeline in cloud services, digital engineering, and AI-led solutions.
What Analysts Expect from HCL
Brokerages anticipate mid-single-digit revenue growth for HCL Technologies in Q2, supported by strong demand from North American clients and public sector digital transformation projects. However, analysts will also focus on the company’s EBIT margin, which has faced pressure from wage hikes and competitive pricing.
Experts from CLSA and Jefferies have maintained a neutral to positive outlook on the stock, citing solid fundamentals and stable client retention. HCL’s ability to sustain margins while expanding in key verticals like healthcare and financial services could define its short-term stock performance.
The company has been particularly active in expanding partnerships with hyperscalers like Microsoft Azure and Google Cloud, as well as exploring AI and automation-driven service models. These initiatives are expected to boost efficiency and help offset cost pressures.
HCL Share Price Outlook
Ahead of its results, HCL Technologies’ share price has seen moderate volatility, trading around ₹1,480–₹1,520 on the NSE. Market participants are watching closely for management commentary on FY26 guidance, as the company’s future revenue trajectory will depend on new deal wins and enterprise spending trends.
If HCL reports above-expected numbers, experts suggest the stock could rally toward the ₹1,600 mark in the near term. Conversely, any weakness in margins or muted outlook could prompt short-term corrections.
Muthoot Finance and Other Stocks in Focus
Apart from HCL Technologies, Muthoot Finance also features prominently on the stocks-to-watch list. The non-banking finance company (NBFC) has shown consistent growth in its gold loan business, supported by record-high gold prices in recent months. Analysts believe the company is well-positioned to capitalize on rising consumer demand for short-term secured credit.
Meanwhile, Tata Motors and LG Electronics are also drawing investor interest ahead of festive season sales data and quarterly updates. Auto and consumer electronics companies are expected to benefit from strong domestic demand in the lead-up to Diwali.
Broader Market Trends
Indian equities have been trading in a narrow range, with investors balancing optimism around corporate earnings against concerns over inflation and global growth. The Nifty 50 remains steady above the 23,000 level, while the IT sector index has underperformed slightly due to mixed signals from U.S. tech spending.
However, analysts believe that leading IT firms such as HCL, Infosys, and TCS could see margin recovery in the coming quarters as attrition stabilizes and automation improves cost efficiency.
Investor Sentiment Remains Cautious but Hopeful
Despite global headwinds, HCL Technologies remains one of the most resilient players in India’s IT landscape. Its diversified portfolio, focus on high-value digital projects, and disciplined execution continue to attract long-term institutional investors.
For traders and investors, the company’s Q2 FY26 earnings announcement will be pivotal in shaping near-term stock movements — not just for HCL, but for the broader IT sector as well.
Conclusion
As HCL Technologies prepares to announce its Q2 results, the spotlight is firmly on the company’s growth strategy, margin management, and future guidance. The outcome will determine whether HCL can sustain its momentum amid a challenging global environment.
Meanwhile, related stocks like Muthoot Finance and Tata Motors also remain in focus, making this an important week for market watchers and investors across sectors.
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