Current Market Snapshot: HCL Tech Share Price and Tech Mahindra Trends
As of November 1, 2025, the HCL Tech share price stands firm at approximately ₹1,550 on the NSE, showcasing a subtle uptick from its October 30 close of ₹1,549.90 amid broader IT sector volatility. This positioning reflects HCL Technologies’ steady navigation through global uncertainties, with the stock trading within a 52-week range of ₹1,303 to ₹2,012. In parallel, Tech Mahindra maintains a resilient stance at around ₹1,446, up marginally from its October 28 level of ₹1,446.30, following a year marked by telecom-driven recoveries and AI integrations. The HCL Tech share price benefits from its diversified engineering services, while Tech Mahindra leverages 5G and cloud momentum, making both stocks pivotal for investors tracking India’s $250 billion IT export ambitions.
Q2 FY26 Earnings Breakdown: Performance Drivers for HCL Tech Share Price
HCL Technologies’ Q2 FY26 results, unveiled on October 13, 2025, have significantly bolstered the HCL Tech share price, with revenue surging 10.7% YoY to ₹28,862 crore and 5.2% QoQ, propelled by a 15% boom in engineering and R&D verticals. Net profit escalated 14.8% sequentially to ₹4,410 crore, achieving an EBIT margin of 18.5% through operational efficiencies and a record $2.5 billion in deal wins sans mega-contracts. CEO C. Vijayakumar emphasized AI and cloud as growth engines, with HCL’s 220,000-strong workforce fueling innovations in GenAI platforms. This robust execution has analysts forecasting mid-single-digit FY26 growth, positioning the HCL Tech share price as a defensive bet in an election-shadowed US market.
Tech Mahindra’s Q2 FY26 Highlights: Margin Expansion Amid Challenges
Tech Mahindra‘s Q2 FY26 earnings, announced October 14, 2025, spotlighted transformation strides, with EBIT leaping 32.7% YoY to ₹1,699 crore and margins expanding to 11.7% via cost controls and AI-led efficiencies. However, net profit slipped 4.5% YoY to ₹1,195 crore due to elevated attrition and prior-year land sale gains, while revenue inched up 2.4% QoQ to ₹13,244 crore, anchored by $816 million in new deals—a 35% YoY rise in telecom and BFSI. The company’s Trek 7.0 roadmap, emphasizing generative AI and hyperscaler ties, underscores its pivot, yet softer demand in legacy services tempers immediate Tech Mahindra upside, with interim dividends at ₹15 per share signaling shareholder confidence.
Head-to-Head Comparison: HCL Tech Share Price vs. Tech Mahindra Metrics
When juxtaposing the HCL Tech share price against Tech Mahindra, HCL emerges stronger on 28 of 43 key indicators, including 7.5% YoY sales growth versus TechM’s 5.2%, and superior ROE at 28% compared to 18.6%. Promoter holdings further favor HCL at 60.8% versus Tech Mahindra‘s 35%, enhancing governance appeal, while HCL’s P/E of 24.8x suggests better value than TechM’s 31.1x. Year-to-date, Tech Mahindra has edged out with a -15% return against HCL’s -18%, buoyed by 5G rollouts, but HCL’s diversified revenue (40% from Americas) offers superior hedging. Dividend yields tilt toward Tech Mahindra at 3.16%, attracting income-focused portfolios, yet HCL’s consistent outperformance in AI bookings cements its lead in 2025’s IT narrative.
Future Outlook: Forecasts Influencing HCL Tech Share Price and Tech Mahindra
Looking to 2026, the HCL Tech share price targets cluster around ₹1,640-₹1,980, driven by $1 billion AI investments and 6-8% FY26 growth projections, potentially lifting it to ₹1,800 by mid-year amid cloud migrations. Tech Mahindra, eyeing 10% margins by FY27 via automation and acquisitions, forecasts ₹1,575-₹1,950, with Nomura and CLSA issuing ‘buy’ ratings post-Q2 on telecom revival bets. Broader tailwinds like US policy shifts and rupee stability could amplify both, but HCL’s lower H-1B reliance mitigates visa risks better. Investors blending the HCL Tech share price‘s stability with Tech Mahindra‘s growth potential may capture the sector’s AI resurgence.
Strategic Insights: Why Monitor HCL Tech Share Price and Tech Mahindra
In a landscape of geopolitical flux, the HCL Tech share price and Tech Mahindra represent dual facets of IT resilience—HCL’s engineering depth versus TechM’s telecom agility. With HCL attending investor meets November 6-21, 2025, and TechM advancing AI platforms, both firms align with India’s digital economy push. For portfolios, HCL suits conservative strategies, while Tech Mahindra appeals to aggressive plays on 5G. As FY26 unfolds, quarterly vigilance will unlock value, affirming these stocks’ roles in sustainable wealth creation.