HCLTech Up 1% on Swedish Contract

  Published 9 months ago

HCLTech shares rise 1% to 1,444 rupees amid Swedish contract renewal, boosting confidence for the future.

  • Only green stock in Nifty IT, which fell 0.9% overall, highlighting relative strength in the market.
  • Morgan Stanley expects the contract to add Q2 wins, support FY26 HY2 revenues, and expand market share.
  • Analysts rate HCLTech hold, median target 1,670 rupees; YTD decline remains around twenty‑five percent overall.

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