HCL Technologies sold 1.24 crore equity shares in block deals for Rs 1,788 crore. CNBC TV18 mentioned  that with a 1 percent discount from the previous close, the deal saw a 0.45 percent equity stake  changing hands at an issue price of Rs 1,440.5 per share. The IT firm announced a 0.8 percent increase  in its shares with a close at Rs 1,455 on Thursday. 

The stock for HCL tech is nearly 2 percent year-to-date due to less client spending in the US region.  However, the Nifty 50 saw more than 10 percent during the same interval. Moneycontrol mentioned  that the stock of HCL tech still outperformed that of Nifty 50 during the previous month. Macquarie  upgraded its rating on HCL stock this week while showing an increase of 24 percent from the last  closing and raising the target price to Rs 1,800. Macquarie named HCL Technologies stock as “marquee  buy” highlighting the improved margin expectations for the financial year 2026-27.  

HCL Technologies offers services in various sectors including industry solutions for financial services,  technology & services, Telecom, Media, Healthcare, and Manufacturing. This IT company has been  expanding its workforce and infrastructure to support growing business and market requirements. This  expansion raised costs and expenditures of the firm leading to the under-profit margin pressure for  the past few years. 

HCL tech changed its hiring and expansion strategies by hiring more freshers with lower payment  demands hence lower workforce expenditure. The margin for HCL Technologies may not show many  fluctuations for FY25 but the strategy to hire freshers with lower pay is expected to help the company  with margin expansion for FY26 and FY27. The company empowers organizations to enable them to  seize opportunities to use AI and Gen AI in their services. This tech company competes with other IT  businesses including Infosys, Wipro, and TCS. 

Conclusion: 

An IT company HCL Technologies sold its 1.24 crore equity shares in block deals for Rs 1,788 crore. The  tech giant reported a 0.8 percent increase in its shares with a close at Rs 1,455 on Thursday. Macquarie  upgraded its rating on HCL stock this week while showing an increase of 24 percent from the last  closing and raising the target price to Rs 1,800. Macquarie named HCL Technologies stock as a  “marquee buy”, citing the improved margin expectations for the financial year 2026-27. The tech  company faced expenditure loss while expanding its workforce and infrastructure to support growing  business. This expansion raised costs and expenditures of the firm leading to the under-profit margin  pressure for the past few years. HCL Technologies offers its services outside software and  manufacturing solutions including industry solutions for financial services, technology & services,  Telecom, Media, Healthcare, and Manufacturing. This workforce expansion raised overall costs and  expenditures of the firm which led the firm under profit margin pressure for the past few years. HCL  tech changed its hiring and expansion strategies by hiring more freshers with lower payment demands  hence lower workforce expenditure.