−30% from the high · +21% from the low
Long build-up into a 26-day expiry: futures OI +0.9% on a +1.1% day, the most call OI sits at 1,250, the most put OI at 1,240, max pain 1,250.
HCLTECH futures closed at ₹1,242.60, 0.0% to spot, with 99% of open interest in the 27 Oct contract, and the 1,240 straddle prices a move of about ±7.5% by expiry.
| Expiry | Close ₹ | Basis ₹ · % | Annualised % | OI lots · on the day | Share of OI % | Contracts traded |
|---|---|---|---|---|---|---|
| 27 Oct26 days | ₹1,242.60 | −0.500.0% | −0.56% | 61,000▲ +0.9% · +540 lots | 99 | 9,000 |
| 23 Nov53 days | ₹1,246.60 | +3.50+0.3% | +1.9% | 590▼ −0.7% · −4.0 lots | 0.95 | 110 |
| 29 Dec89 days | ₹1,245.00 | +1.90+0.1% | +0.63% | 22▲ +120.0% · +12 lots | 0.04 | 15 |
0.99% of futures OI sits beyond the 27 Oct contract · 63 of 79 listed contracts traded · 35,000 option contracts changed hands
The 1,240 straddle closed at ₹93.50 (call 48.20 + put 45.30), pricing a move of about ±7.5% by the 27 Oct expiry. In the last 253 windows of 19 sessions, HCLTECH moved more than that 91 times.
After the last 8 bulletins, HCLTECH closed higher five sessions later in 5 of 7.
| Bulletin | Day of the news | 1 session later | 5 sessions later | Futures OI on the day |
|---|---|---|---|---|
| 26 SeptSumeet Bagadia's stock picks for Monday | ▼ −0.4%Nifty −1.6% · +1.1 pp | ▼ −2.9%Nifty −1.8% · −1.0 pp | —not reached | ▼ −0.5%long unwinding |
| 21 SeptHCL Tech to announce Q2 results and interim dividend | ▲ +2.5%Nifty +0.3% · +2.3 pp | ▲ +1.7%Nifty −0.1% · +1.8 pp | ▲ +0.3%Nifty −2.4% · +2.7 pp | ▼ −2.6%short covering |
| 15 SeptIT stocks lead Nifty's gap-up amid crude and Fed concerns | ▼ −0.1%Nifty +0.4% · −0.5 pp | ▲ +0.4%Nifty +0.7% · −0.3 pp | ▲ +0.2%Nifty +1.4% · −1.2 pp | ▲ +0.9%short build-up |
| 20 AugIT stocks rebound as Nifty IT gains 1.4% | ▼ −0.5%Nifty +0.6% · −1.1 pp | ▼ −1.7%Nifty +0.7% · −2.4 pp | ▼ −3.2%Nifty +0.1% · −3.3 pp | ▲ +1.4%short build-up |
| 19 AugSensex declines 493 points on rising crude oil prices | ▼ −0.5%Nifty +0.6% · −1.1 pp | ▼ −1.7%Nifty +0.7% · −2.4 pp | ▼ −3.2%Nifty +0.1% · −3.3 pp | ▲ +1.4%short build-up |
| 19 AugSensex declines 493 points amid rising crude oil prices | ▲ +2.1%Nifty −0.3% · +2.4 pp | ▲ +1.6%Nifty +0.3% · +1.3 pp | 0.0%Nifty +0.2% · −0.2 pp | ▼ −0.4%short covering |
| 18 AugNifty and Sensex decline amid rising crude oil prices | ▲ +2.1%Nifty −0.3% · +2.4 pp | ▲ +1.6%Nifty +0.3% · +1.3 pp | 0.0%Nifty +0.2% · −0.2 pp | ▼ −0.4%short covering |
| 27 JulHCLTech to lead $300 million funding for Sarvam AI | ▲ +1.8%Nifty 0.0% · +1.8 pp | ▲ +3.7%Nifty +1.1% · +2.7 pp | ▲ +5.7%Nifty +2.6% · +3.1 pp | ▼ −3.9%short covering |
Revenue ₹34,579 cr, +14% on a year earlier; profit ₹4,626 cr, +20% in the Jun 2026 quarter, consolidated.
| Quarter | Revenue ₹ cr | Revenue YoY | Profit ₹ cr | Profit YoY | EPS ₹ | Market on the day |
|---|---|---|---|---|---|---|
| Jun 2026filed 13 Jul | ₹34,579 cr | ▲ +14% | ₹4,626 cr | ▲ +20% | 17.06 | ▼ −4.5%Nifty −0.7% · −3.8 pp |
| Mar 2026filed 21 Apr · audited | ₹33,981 cr | ▲ +12% | ₹4,490 cr | ▲ +4.2% | 16.56 | ▼ −10.8%Nifty −0.8% · −10.0 pp |
| Dec 2025filed 12 Jan | ₹33,872 cr | ▲ +13% | ₹4,082 cr | ▼ −11% | 15.05 | ▼ −0.2%Nifty −0.2% · +0.1 pp |
| Sept 2025filed 13 Oct | ₹31,942 cr | ▲ +11% | ₹4,236 cr | −0.02% | 15.61 | ▲ +0.1%Nifty −0.3% · +0.4 pp |
| Jun 2025filed 14 Jul | ₹30,349 cr | ▲ +8.2% | ₹3,844 cr | ▼ −9.7% | 14.17 | ▼ −3.3%Nifty +0.5% · −3.8 pp |
| Mar 2025filed 22 Apr · audited | ₹30,246 cr | ▲ +6.1% | ₹4,309 cr | ▲ +7.9% | 15.88 | ▲ +7.7%Nifty +0.7% · +7.0 pp |
| Dec 2024filed 14 Jan | ₹29,890 cr | ▲ +5.1% | ₹4,594 cr | ▲ +5.6% | 16.93 | ▲ +0.7%Nifty +0.2% · +0.5 pp |
| Sept 2024filed 14 Oct | ₹28,862 cr | ▲ +8.2% | ₹4,237 cr | ▲ +11% | 15.61 | ▲ +0.8%Nifty −0.3% · +1.1 pp |
| Year | Revenue ₹ cr | Revenue YoY | Profit ₹ cr | Profit YoY | EPS ₹ |
|---|---|---|---|---|---|
| FY26to Mar 2026 | ₹1,30,144 cr | ▲ +11% | ₹16,652 cr | ▼ −4.3% | 61.39 |
| FY25to Mar 2025 | ₹1,17,055 cr | ▲ +6.5% | ₹17,399 cr | ▲ +11% | 64.11 |
| FY24to Mar 2024 | ₹1,09,913 cr | — | ₹15,710 cr | — | 57.88 |
HCLTECH trades at 19 times trailing earnings against 17 for its industry, 4.5 times book value, revenue +13% over twelve months, a 9.7% dividend yield, market cap ₹3,40,000 cr.
| Stock | Market cap ₹ | P/E | P/B | Close ₹ |
|---|---|---|---|---|
| TCSTata Consultancy Services Limited | 7,50,000 cron 1 Oct | 15consolidated | 6.9 | ₹2,075.00 |
| INFYInfosys Limited | 4,20,000 cron 1 Oct | 14consolidated | 4.5 | ₹1,035.00 |
| HCLTECHHCL Technologies Limited | 3,40,000 cron 1 Oct | 19consolidated | 4.5 | ₹1,243.10 |
| WIPROWipro Limited | 1,60,000 cron 1 Oct | 13consolidated | 1.8 | ₹159.35 |
| TECHMTech Mahindra Limited | 1,50,000 cron 1 Oct | 27consolidated | 5.0 | ₹1,533.00 |
| LTMLTM Limited | 1,20,000 cron 1 Oct | 23consolidated | 4.9 | ₹4,007.00 |
| PERSISTENTPersistent Systems Limited | 85,000 cron 1 Oct | 44consolidated | 11 | ₹5,367.00 |
| COFORGECoforge Limited | 81,000 cron 1 Oct | 37consolidated | 8.4 | ₹1,826.00 |
| MPHASISMphasiS Limited | 43,000 cron 1 Oct | 23consolidated | 4.0 | ₹2,250.20 |
| HEXTHexaware Technologies Limited | 30,000 cron 1 Oct | — | 4.5 | ₹490.45 |
| TATAELXSITata Elxsi Limited | 19,000 cron 1 Oct | 29standalone | 6.3 | ₹3,092.80 |
| KPITTECHKPIT Technologies Limited | 13,000 cron 1 Oct | 23consolidated | 3.8 | ₹492.00 |
| FRACTALFractal Analytics Limited | 13,000 cron 1 Oct | — | 4.0 | ₹727.35 |
| RATEGAINRategain Travel Technologies Limited | 10,000 cron 1 Oct | — | 5.0 | ₹840.65 |
| ZENSARTECHZensar Technologies Limited | 9,900 cron 1 Oct | — | 2.1 | ₹434.35 |
| INTELLECTIntellect Design Arena Limited | 8,600 cron 1 Oct | — | 2.7 | ₹610.95 |
| BSOFTBIRLASOFT LIMITED | 7,500 cron 1 Oct | — | 1.8 | ₹269.75 |
| SONATSOFTWSonata Software Limited | 7,100 cron 1 Oct | — | 3.7 | ₹254.05 |
| NEWGENNewgen Software Technologies Limited | 6,500 cron 1 Oct | — | 3.7 | ₹456.35 |
| LATENTVIEWLatent View Analytics Limited | 4,900 cron 1 Oct | — | 2.7 | ₹234.50 |
| MASTEKMastek Limited | 4,800 cron 1 Oct | — | 1.6 | ₹1,555.60 |
| HAPPSTMNDSHappiest Minds Technologies Limited | 4,600 cron 1 Oct | — | 2.8 | ₹304.70 |
| 63MOONS63 moons technologies limited | 3,700 cron 1 Oct | — | 1.0 | ₹802.25 |
| AURIONPROAurionpro Solutions Limited | 3,400 cron 1 Oct | — | 1.9 | ₹607.80 |
| SAKSOFTSaksoft Limited | 1,800 cron 1 Oct | — | 2.4 | ₹139.35 |
| SILVERTUCSilver Touch Technologies Limited | 1,800 cron 1 Oct | — | 10 | ₹138.70 |
| ACCELYAAccelya Solutions India Limited | 1,600 cron 1 Oct | — | 6.5 | ₹1,094.20 |
| NINSYSNINtec Systems Limited | 1,500 cron 1 Oct | — | 16 | ₹804.65 |
| MCLOUDMagellanic Cloud Limited | 1,400 cron 1 Oct | — | 2.1 | ₹24.25 |
| INFOBEANInfoBeans Technologies Limited | 1,400 cron 1 Oct | — | 3.4 | ₹143.60 |
| XCHANGINGXchanging Solutions Limited | 670 cron 1 Oct | — | 1.7 | ₹59.75 |
| SOFTTECHSofttech Engineers Limited | 660 cron 1 Oct | — | 3.9 | ₹474.30 |
| INNOVANAInnovana Thinklabs Limited | 600 cron 1 Oct | — | 2.1 | ₹290.20 |
| KSOLVESKsolves India Limited | 570 cron 1 Oct | — | 19 | ₹241.15 |
| CSMCSM Technologies Limited | 490 cron 1 Oct | — | 4.7 | ₹94.25 |
| MINDTECKMindteck (India) Limited | 480 cron 1 Oct | — | 1.6 | ₹150.95 |
| XTGLOBALXtglobal Infotech Limited | 380 cron 1 Oct | — | 1.8 | ₹28.70 |
| TREJHARATREJHARA SOLUTIONS LIMITED | 320 cron 1 Oct | — | 1.1 | ₹131.65 |
| DRCSYSTEMSDRC Systems India Limited | 190 cron 1 Oct | — | 1.7 | ₹13.00 |
| EMPOWEREmpower India Limited | 180 cron 1 Oct | — | — | ₹1.55 |
| TRIGYNTrigyn Technologies Limited | 160 cron 1 Oct | — | 0.20 | ₹51.80 |
| SECMARKSecMark Consultancy Limited | 140 cron 1 Oct | — | 6.1 | ₹137.50 |
| RSSOFTWARER. S. Software (India) Limited | 78 cron 1 Oct | — | 2.5 | ₹30.05 |
| CGVAKCG Vak Software & Exports Limited | 74 cron 1 Oct | — | — | ₹147.25 |
| CURAACura Technologies Limited | 72 cron 17 Sept | — | 11 | ₹72.95 |
| ORCHASPOrchasp Limited | 44 cron 1 Oct | — | 0.36 | ₹1.30 |
| QUINTEGRAQuintegra Solutions Limited | 3.6 cron 1 Oct | — | — | ₹1.35 |
| 3IINFOLTD3i Infotech Limited | — | — | — | — |
| CALSOFTCalifornia Software Company Limited | — | — | — | — |
| CTECambridge Technology Enterprises Limited | — | — | — | — |
| CYBERTECHCybertech Systems And Software Limited | — | — | — | — |
| EQUIPPPEquippp Social Impact Technologies Limited | — | — | — | — |
Promoters hold 60.9%, foreign portfolio investors 14.9%, mutual funds 9.0% and insurance companies 8.3%, as filed for the quarter to 30 Jun.
| Category | 30 Jun | 31 Mar | 31 Dec | 30 Sept | 30 Jun |
|---|---|---|---|---|---|
| Promoters | 60.88▲ +0.02 pp | 60.86▲ +0.05 pp | 60.810.00 pp | 60.810.00 pp | 60.81 |
| Foreign portfolio investors | 14.90▼ −0.60 pp | 15.50▼ −0.71 pp | 16.21▼ −0.43 pp | 16.64▼ −1.92 pp | 18.56 |
| Mutual funds | 9.04▼ −0.18 pp | 9.22▲ +0.15 pp | 9.07▼ −0.13 pp | 9.20▲ +0.76 pp | 8.44 |
| Insurance companies | 8.32▼ −0.06 pp | 8.38▲ +0.34 pp | 8.04▲ +0.52 pp | 7.52▲ +0.77 pp | 6.75 |
| Banks and financial institutions | 1.43▲ +0.04 pp | 1.39▲ +0.09 pp | 1.30▲ +0.18 pp | 1.12▲ +0.10 pp | 1.02 |
| Individual investors | 4.34▲ +0.61 pp | 3.73▼ −0.14 pp | 3.87▼ −0.14 pp | 4.01▲ +0.16 pp | 3.85 |
| Bodies corporate | 0.27▼ −0.05 pp | 0.32▲ +0.10 pp | 0.220.00 pp | 0.22▼ −0.02 pp | 0.24 |
| Other foreign holders | 0.00▼ −0.01 pp | 0.01▲ +0.01 pp | 0.000.00 pp | 0.000.00 pp | 0.00 |
| Others | 0.82▲ +0.23 pp | 0.59▲ +0.11 pp | 0.480.00 pp | 0.48▲ +0.15 pp | 0.33 |
Nothing upcoming on record; the board meets for results on 12 Oct 2026.
| Ex-date | Action | Amount or ratio | Record date | Source |
|---|---|---|---|---|
| recent | ||||
| 17 Jul 2026 | dividend | ₹12.00 | 17 Jul 2026 | BSE |
| 24 Apr 2026 | dividend | ₹24.00 | 25 Apr 2026 | BSE |
| 16 Jan 2026 | dividend | ₹12.00 | 17 Jan 2026 | NSE |
| 17 Oct 2025 | dividend | ₹12.00 | 17 Oct 2025 | BSE |
| 18 Jul 2025 | dividend | ₹12.00 | 18 Jul 2025 | NSE |
| 28 Apr 2025 | dividend | ₹18.00 | 28 Apr 2025 | NSE |
| 17 Jan 2025 | dividend | ₹6.00 | 17 Jan 2025 | BSE |
| 22 Oct 2024 | dividend | ₹12.00 | 22 Oct 2024 | NSE |
HCLTECH is −6.6% over 20 sessions against Nifty's −6.2%, 30% below its 52-week high, realised volatility 27% annualised.
| Window | From ₹ | HCLTECH % | Nifty 50 % | Difference pp |
|---|---|---|---|---|
| 250 sessionssince 26 Sept | ₹1,395.33 | ▼ −11% | ▼ −9.1% | −1.8 |
| 120 sessionssince 9 Apr | ₹1,464.88 | ▼ −15% | ▼ −5.7% | −9.4 |
| 60 sessionssince 8 Jul | ₹1,145.61 | ▲ +8.5% | ▼ −6.1% | +15 |
| 20 sessionssince 2 Sept | ₹1,331.51 | ▼ −6.6% | ▼ −6.2% | −0.40 |
| 5 sessionssince 24 Sept | ₹1,243.60 | −0.04% | ▼ −2.8% | +2.7 |
| 1 sessionsince 30 Sept | ₹1,229.94 | ▲ +1.1% | ▼ −0.88% | +2.0 |
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