On January 14, 2025, HCLTech announced its Q3 FY25 results, revealing steady revenue growth but offering cautious guidance for FY25. The stock trades at ₹1,975/share, near brokerage target prices, indicating limited upside potential. Analysts expect revenue growth between 4.5%-5% and EBIT margins of 18%-19%, prompting mixed reactions from investors.
In the broader context, the Indian stock market faces challenges, with the Nifty 50 index down 12% from its peak of 26,277.35 on September 27, 2024. Experts suggest careful stock selection amid volatility ahead of Budget 2025, influenced by Q3 earnings, U.S. trade policies, and Federal Reserve interest rate decisions.
Market analysts recommend six stocks for short-term investment, including HCL Technologies and Infosys, emphasizing the need for caution in current conditions. They highlight key levels for potential upward movements, with HCLTech requiring a decisive close above ₹1,980 to unlock targets of ₹2,120 and ₹2,140.
This cautious sentiment reflects the fragile state of the market, urging investors to conduct thorough research or consult financial advisors before making decisions.