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HCL Tech shares drop 4.5% after price target cuts

pre-market1 source ↓written by the desknot a recommendation

to close
4.5%
index also declined
1%
from current levels
9.7%

Shares of HCL Technologies fell 4.5% to close at ₹1,166.7 after several foreign brokerages, including HSBC and Morgan Stanley, trimmed their price targets post Q1 results. The Nifty IT index also declined 1%, reflecting broader sector weakness. Despite this, 18 analysts maintain a 'Buy' call, suggesting potential upside of 9.7% from current levels.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 15 Jul 2026, 07:04 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

HCLTECH closed +0.1% on the day of the news, from ₹1,166.70 to ₹1,168.00; Nifty +0.1% over the same session; futures OI +4.5%.

Bulletin at 07:04 IST on 15 Jul 2026. Every change is measured from ₹1,166.70, the last close before it, on 14 Jul. Nifty 50 is measured over the same sessions.

  • HCLTECH close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
HCLTECH closes around the bulletin against the close before the news, with Nifty 50 rebased to it103211881344axis spans 30%before the news · 14 Jul1167Nifty 50HCLTECHbulletinD0+1+3+58 Jul20 Jul29 JulFutures open interest, lotspeak 1.1 LReference close ₹1,166.70. 16 sessions from 8 Jul to 29 Jul; the price axis spans 30 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before14 Jul₹1,166.70basebase
On the day15 Jul₹1,168.00▲ +0.1%▲ +0.1%0.0 pp difference
+1 session16 Jul₹1,187.40▲ +1.8%▲ +0.1%+1.7 pp difference
+3 sessions20 Jul₹1,221.30▲ +4.7%▲ +0.8%+3.9 pp difference
+5 sessions22 Jul₹1,237.30▲ +6.0%▼ −0.2%+6.3 pp difference
Gap at the open, % · ₹
▼ −0.8%−9.68 on 15 Jul
Day's range, % · ₹
3.2%≈ 37 high to low
Volume on the day
0.63×the 20-session average
Futures OI on the day
▲ +4.5%+4,700 lots · long build-up · price +0.1%
Futures OI open, lots
1.1 L15 Jul · 28 Jul expiry
Futures premium, ₹
−15.50−1.3% to spot
Puts per call, by OI
0.40from 0.39 the session before
Max pain
1,150from 1,150 the session before

Source NSE UDiFF bhavcopy · HCLTECH on the desk →

Thread · HCLTECHAll HCLTECH bulletins →

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