
HCL Tech Share Price Live Updates: HCL Tech's closing price today is Rs 1530.4

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Mint
2 days ago
- Mint
C Vijayakumar, one of Indian IT's longest-serving CEOs, gets a third term at HCLTech
C Vijayakumar, already one of Indian IT's longest-serving CEOs, is set for a third stint as chief executive of HCL Technologies. Late on Thursday the board of the Noida-based company granted him a five-year extension. In a stock exchange filing, HCLTech said it approved Vijayakumar's reappointment from 1 September 2025 to 31 March 2030, subject to the approval of shareholders. Vijayakumar, 57, is a HCLTech veteran who has spent around three decades at the company. He first occupied its corner office in October 2016. He was given a second term on 20 July 2021 and handed the additional responsibility as managing director when then chief strategy officer Shiv Nadar stepped down. Srikrishna Ramakarthikeyan of Hexaware Technologies is Indian IT's longest-serving CEO, having taken over in August 2014. Vijayakumar is the longest-serving CEO among the top five IT firms, followed by Salil Parekh, 60, who joined Infosys as CEO in January 2018 and remains in the role. Tata Consultancy Services, Wipro Ltd and Tech Mahindra have been a change at the top in the past 30 months. Vijayakumar oversaw HCLTech's toppling of Wipro Ltd as the country's third-largest IT outsourcer in July 2018. Seven years later, the pecking order at the top remains unchanged. He is also the highest-earning chief executive of an Indian IT firm, having bagged ₹ 84.16 crore in salary as of March 2024. His current salary is unknown as HCLTech is yet to release its annual report for FY25. A major reason for his extension is the company's outperformance in relation to its peers. Between 1 April 2017 and 31 March 2025, HCLTech grew at a compound annual rate of 8.94%, the highest among the top five IT firms. Under CVK, as he is known within the company, HCLTech added $9.3 billion in incremental revenue between 1 October 2016 and 31 June 2025. This is almost the size of Wipro Ltd, India's fourth-largest IT outsourcer. The company also won its largest deal under Vijayakumar in August 2023. HCLTech bagged a six-year contract with US telecom company Verizon Communications that would fetch it $2.1 billion. It has also bet on software products, making it one of the few software outsourcers to purchase and license intellectual property, and build and sell software products to clients. The company's confidence in Vijayakumar also stems from the fact that HCLTech has grown the fastest among the top five for two straight years, at a time when clients have been wary of macroeconomic uncertainties and growth in the $283-billion IT industry has slowed. HCLTech ended the last fiscal year with $13.8 billion of revenue, up 4.3%. Vijayakumar has had his challenges, such as increasing the company's operating margins. Over the past eight years, HCLTech's operating margins tanked 200 basis points to 18.3% in FY25. Still, shareholders haven't lost faith. HCLTech's shares have jumped 87% since Vijayakumar took over as CEO, and closed at ₹ 1,506.95 on Thursday.

Time of India
2 days ago
- Time of India
HCL Tech Share Price Live Updates: HCL Tech's recent performance shows negative returns
Discover the HCL Tech Stock Liveblog, your go-to destination for real-time updates and comprehensive analysis of a top-performing stock. Keep track of HCL Tech's latest details, including: Last traded price 1501.1, Market capitalization: 409003.6, Volume: 6719, Price-to-earnings ratio 24.09, Earnings per share 62.56. Our liveblog offers a holistic view of HCL Tech by examining both fundamental and technical indicators. Stay ahead of market trends with breakingnews that can impact HCL Tech's performance. Our market analysis and expert opinions provide valuable insights to guide your investment decisions. Join us on the HCL Tech Stock Liveblog and stay informed in this dynamic market landscape. The data points are updated as on 09:11:04 AM IST, 25 Jul 2025 Show more Show less


Mint
2 days ago
- Mint
TCS vs Infosys vs Wipro vs HCL Tech: Hiring plans, salary hikes, guidance— is the worst over for IT stocks?
Mixed Q1 results, cautious management commentaries, and persisting global uncertainties continue to haze the outlook for the Indian IT sector. The Q1 numbers were expected to be soft, but they seem to have come in even below expectations, disappointing the market. Consequently, the Nifty IT index has been in the red for three consecutive weeks on a weekly basis. The Q1 numbers of Infosys were better, but TCS, Wipro and HCL Tech disappointed the Street. TCS and Wipro reported a decline in revenue in constant currency (CC) year over year (YoY), but Infosys and HCL Tech fared better. TCS's CC revenue declined 3.1 per cent, while that of Wipro fell 2.3 per cent YoY. Infosys' CC revenue rose by 3.8 per cent, while HCL Tech reported a 3.7 per cent YoY rise in CC revenue. TCS's consolidated profit rose 6 per cent YoY to ₹ 12,760 crore. Infosys saw an 8.7 per cent YoY growth in profit. Wipro, too, reported a 10 per cent YoY rise in Q1 net profit at ₹ 3,336 crore. On the other hand, HCL Tech's profit fell 9.7 per cent YoY to ₹ 3,843 crore. While the numbers show how India's top four IT players performed last quarter, other key details—such as guidance, headcount, hiring plans, and salary hikes—offer cues about how these companies are likely to fare in the coming quarters. Let's take a look: Headcount and hiring plans: TCS's workforce grew by 5,090 sequentially, standing at 6,13,069 as of June 30, 2025, compared to 6,07,979 at the end of the March quarter of the last financial year. However, IT services' attrition was 13.8 per cent for the last twelve months against 13.3 per cent in Q4FY25. According to reports, TCS plans to hire 42,000 freshers in FY26. Salary hikes: TCS has not announced when it will plan salary hikes for its employees, but it has emphasised that its 'priority' focus is delivering wage hikes for its over six lakh workforce. Guidance: TCS did not offer revenue guidance while declaring its Q1 results. However, its management said business from clients based abroad would be better than last year. 'The only thing that's a bottleneck at this time is a certain amount of lack of clarity in the market. So, once that lifts, we believe that the spend should come back," said Krithivasan. Headcount and hiring plans: For Infosys, the number of total employees increased to 3,23,788 from 3,15,332 YoY and 3,23,578 QoQ. Over the last twelve months (LTM), IT services voluntary attrition stood at 14.4 per cent, down from 12.7 per cent year over year and 14.1 per cent quarter over quarter. According to its April announcement, Infosys plans to hire over 20,000 freshers in the current financial year. Salary hikes: Infosys recently implemented a wage hike. However, it has not yet decided on the next pay hike for its employees. Guidance: Infosys has guided for FY26 CC revenue growth of 1-3 per cent, upgrading the lower end of guidance from 0 to 1 per cent but leaving the upper end unchanged. Headcount and hiring plans: HCL Tech's total headcount by the end of Q1FY25 was 2,23,151, down 269 from the end of the March quarter this calendar year, when it was 2,23,420. HCL added 1,984 freshers during the quarter compared to 1,078 YoY. The attrition rate over the last twelve months stood at 12.8 per cent, the same as the rate in Q1 of last year. Salary hikes: HCL Tech did not make any major announcement regarding salary hikes. The company had earlier said its wage hike cycle would start from October 2025. Guidance: HCL Tech expects its CC revenue to grow between 3 per cent and 5 per cent YoY, compared to its earlier estimate of 2 per cent to 5 per cent announced during the Q4FY25 results. EBIT margin may be between 17 per cent to 18 per cent, slightly lower that the earlier estimate of 18 per cent to 19 per cent announced during the Q4FY25 results. Headcount and hiring plans: Wipro's total headcount declined by 114 sequentially to 2,33,232, while attrition rate slightly increased to 15.1 per cent from 15 per cent in Q4FY25. Earlier in January, Wipro said it plans to hire 10,000-12,000 freshers in FY26. Salary hikes: Wipro has not announced salary hike plans for the current cycle. It gave wage hikes in September 2024. Guidance: Wipro expects revenue from its IT services business segment to be in the range of $2,560 million to $2,612 million in Q2FY26. This translates to sequential guidance of -1.0 per cent to 1 per cent in CC terms. The Nifty IT index has declined 10 per cent over the last year compared to a nearly 3 per cent rise in the equity benchmark Nifty 50. On a monthly scale, the IT index has lost over 7 per cent against a 2 per cent decline in the Nifty 50. In the current uncertain milieu, it is too early to say with certainty that the worst is over for the IT sector, even as the sector is redefining its playbook. "A sharp 20 per cent rise in AI, cybersecurity, and cloud roles signals a pivot from volume hiring to skill-centric recruitment, with GCCs recording an 8-10% hiring jump, Abhishek Jain, the head of research at Arihant Capital Markets, observed. Jain underscored that Infosys stood out with $3.8 billion in deal wins, over half from new clients, and 7.5 per cent revenue growth, even as fresher hiring slowed and salary hikes stayed restrained at 5-9 per cent. Attrition remains a challenge, prompting targeted retention efforts. Much will depend on the demand environment in key markets such as North America and Europe, as well as the pace of AI-led transformation. "AI is no longer a buzzword but a driver of 5-15% productivity gains, influencing both service delivery and margins. The sector's next leap hinges on capturing AI-led transformation amid prolonged deal closures and cautious client spending," said Jain. Read all market-related news here Read more stories by Nishant Kumar Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.