HCL Tech’s share price is experiencing a downturn, currently trading at Rs 1,534.10, down by 2.44%. The market capitalization stands at Rs 417,361 crore, with a price-to-earnings (PE) ratio of 24.45 and earnings per share (EPS) at 62.9. Investors are closely monitoring the stock’s movement as market trends continue to shift.
HCL Tech Stock Performance Today
As of 02:52 PM IST, HCL Tech is trading at Rs 1,537.2, marking a 2.24% decline. The stock has recorded a one-year return of -6.09%, reflecting market challenges. Over the past month, it has dropped by 11.26%.
Stock Continues to Slide At 02:20 PM IST, HCL Tech’s price was Rs 1,536.85, showing a 2.27% decline. This steady drop has raised concerns among investors.
Technical Indicators Suggest Bearish Trend At 01:17 PM IST, HCL Tech was priced at Rs 1,536.35, with an exponential moving average (EMA3) of Rs 1,584.20, signaling a bearish sentiment.
Stock Movement Analysis As of 12:49 PM IST, HCL Tech’s stock was at Rs 1,542.9, marking a 1.88% decline. The average daily volatility over the past three months stands at 3.06%.
Short-Term Trading Signals At 11:49 AM IST, HCL Tech traded at Rs 1,547.25, down by 1.6%. The 7-day simple moving average (SMA7) is Rs 1,633.24, hinting at a possible market shift.
Long-Term Performance Insights At 11:22 AM IST, HCL Tech’s stock was at Rs 1,545.75, reflecting a 1.7% drop today. However, its 5-year return remains strong at 174.29%.
New Analyst Recommendation At 11:00 AM IST, Axis Securities issued a new recommendation for HCL Tech, setting a target price of Rs 2,175, indicating a potential 40.95% upside. The stock was initially recommended at Rs 1,575 and is currently trading at Rs 1,543.05.
Market Valuation and Risk Factors At 09:52 AM IST, HCL Tech was valued at Rs 1,538.95, showing a 2.13% decline. The stock has recorded a 3-year return of 34.45%.
Trading Volume and Market Trends HCL Tech reported a trading volume of 1,784,684 shares as of 08:43 AM IST. The average weekly trading volume stands at 3,395,981 shares.
Lower Risk Profile HCL Tech’s six-month beta value is 0.5068, indicating a lower risk level in the current market.
Negative Returns Over Time Over the past month, HCL Tech has recorded a return of -7.07%. In the past week, the stock declined by 4.36%, reflecting a challenging phase.
Yesterday’s Closing Price HCL Tech closed at Rs 1,575.05 yesterday, with a minor 0.17% drop and a trading volume of 4,910,121 shares.
What’s Next for HCL Tech? With recent price declines, market experts suggest keeping an eye on upcoming market trends and technical indicators. Investors should stay updated on any new developments that may impact the stock’s performance.
