After the second quarter results, the stock of IT company HCL Technologies is seeing a rise of more than 1% on Tuesday (October 15). On the technical chart, this stock is showing a good move after about 5 months of consolidation. The results of HCL Technologies in the second quarter of the financial year 2025 have been better than expected. The company has increased the earnings guidance. After the results, many domestic and global brokerage firms have released reports on this stock today.

HCL Technologies' profit has seen a slight decline on a quarterly basis, while income has increased. The company has also announced a dividend along with the results. In the second quarter, the company's profit has come down by 0.5% to ₹ 4,235 crore, which was at ₹ 4,257 crore in the quarter ended June 2024. In the September quarter, the company has recorded an income of ₹ 28,862 crore while in the quarter ended June 2024, the company's income was at ₹ 28,057 crore. HCL Tech has announced an interim dividend of ₹ 12 per share along with quarterly results.

Jefferies, HSBC, Nomura and Morgan Stanley have given targets of ₹ 1700 to ₹ 2000 per share on this stock. Currently, this stock is trading above ₹ 1800 per share. Jefferies has set a target price of ₹1,770 per share with a Hold opinion on HCL Tech. The company's performance in the second quarter is better than expected. The company has done better in the services and product business. However, there has been no significant increase in deal wins in the second quarter. Management says that margins are also improving due to improvement in the discretionary spending environment. Currently, the stock is trading at a 1-year forward PE of 28x. Jefferies analysts see limited scope for re-rating in this stock. HSBC said in its note on HCL Tech that the second quarter has been better on the income and margin front. Deal wins have remained stable during the July-September quarter. The brokerage firm has set a target of ₹1,700 per share with a Hold opinion on the stock. The note said that the FY25 guidance has been slightly improved but this means that there will not be much increase in guidance in the second half. The company's valuation is now equal to that of TCS, due to which the possibility of re-rating in the short term is low. Japanese brokerage firm Nomura has set a target price of ₹ 2,000 per share along with a Buy opinion on HCL Tech. This brokerage firm said that the company's results in the second quarter have been better than expected on the basis of strong execution. The company has improved the lower part of the guidance for the financial year 2025. GenAI will help boost demand in tech modernization, data and cognitive infrastructure. The brokerage firm has increased the estimate for the financial year 2025-26 by 1-1.5%. Another global brokerage firm Morgan Stanley has set a target price of ₹ 1,970 per share with an Overweight opinion on this stock. This brokerage firm said that the company's results in the second quarter have been better than expected. EPS has been upgraded due to improvement in demand. Multiples are at a premium due to better earnings growth in the industry. Order booking is going to be important for the growth momentum to continue in the financial year 2026.