Shares of jumped sharply in early trade on Friday after the IT major disclosed a major contract win, with the stock gaining over 4 per cent on the by mid-morning.
The stock was trading at ₹1,122.20 on the NSE as of 10.11 am, up ₹44.10 or 4.09 per cent from its previous close of ₹1,078.10. The stock opened at ₹1,127.10, touched a high of ₹1,139.00 and a low of ₹1,115.10 in early trade. Traded volume stood at 41.01 lakh shares, with a traded value of ₹461.31 crore. Total market capitalisation was at ₹3,05,015.96 crore.
Sell-side pressure remains visible, with 66.08 per cent of the order quantity on the sell side, against 33.92 per cent on the buy side, suggesting some profit-booking even as the stock holds its gains.
HCLTech announced a strategic partnership with a Europe-headquartered Fortune Global 50 company. The deal involves building an AI-driven operating model to manage the client’s global digital workplace and enterprise networks. The contract runs from July 2026 to December 2031, extendable by five years, with an estimated value of $1.14 billion. The company described it as entirely net new business.
Despite today’s rally, the stock remains under pressure over longer time frames. It is down 31.25 per cent year-to-date and 34.36 per cent over the past year, significantly underperforming the Nifty 50. Its 52-week high was ₹1,780.10, hit in February 2026, while the 52-week low of ₹1,030 was recorded just two days ago on July 1.
The stock trades at a price-to-earnings ratio of 17.57 and carries an annualised volatility of 34.01 per cent.