HCL Tech stock falls 1.66 percent as Lucknow plan emerges

HCL Tech (ISIN INE860A01027) was trading at INR 1,184.40 on the NSE on October 7, 2026 at 1:03 p.m. IST, down 1.66 percent from the previous close. The immediate company story is a planned INR 5 billion expansion of HCL IT City in Lucknow, announced on October 6, 2026, with capacity for 4,500 technology professionals, according to Upstox.

Lucknow investment adds capacity

The project will create up to 950,000 square feet of new capacity at the delivery center. HCLTech also launched the HCL-GUVI Emerging Technology Centre and plans to train 1,000 students in artificial intelligence and related technologies during FY27, Upstox reported on October 6, 2026.

Lucknow already employs more than 12,500 people and serves over 150 global enterprises. That makes the spending a capacity and talent investment, rather than a narrowly defined software acquisition.

Q1 figures set the benchmark

For Q1 FY27, HCLTech reported INR 345.79 billion of revenue, up 13.9 percent year over year, while net income reached INR 46.24 billion, up 20.3 percent. The company's investor-relations page also lists diluted EPS of INR 66.90, up 6.9 percent year over year, and EBIT margin of 16.9 percent, up 56 basis points year over year, according to HCLTech.

The same page reports Advanced AI revenue of USD 171 million, up 62.1 percent year over year in constant-currency terms. FY27 guidance calls for company revenue growth of 1.0 percent to 4.0 percent in constant currency and an EBIT margin of 17.5 percent to 18.5 percent, HCLTech said.

Analyst targets remain divided

The analyst consensus is Neutral, based on 39 analysts, with 13 Buy, 16 Hold and 10 Sell ratings. The average 12-month target is INR 1,265.13, with a high of INR 1,548 and a low of INR 1,030, according to Investing.com; the average target lies 6.8 percent above the NSE price of INR 1,184.40.

Recent individual views show the spread behind that neutral label: CLSA maintained Hold with a target of INR 1,092 on October 6, 2026, while JPMorgan maintained Sell with a target of INR 1,080 on October 5, 2026, the same Investing.com page shows.

Q2 results arrive October 12

HCLTech's board is scheduled to consider Q2 FY27 and half-year results for the period ended September 30, 2026, on October 12, 2026. The meeting may also consider the third interim dividend for FY27, according to the NSE event calendar and HCLTech.

HCL Tech stock stays below its yearly high

HCL Tech stock was trading at INR 1,184.40 on the NSE on October 7, 2026 at 1:03 p.m. IST, with a 52-week range of INR 1,030 to INR 1,780.10. Its market capitalization was INR 3.2 trillion and volume was 941,729 shares.

Upcoming dates for HCL Tech stock

• October 12, 2026: Q2 FY27 and half-year results meeting

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