Highlights

• HCL Technologies Ltd (NSE: HCLTECH) dropped 10.00% to ₹1,297.00 after the company’s latest results and FY27 guidance disappointed investors.
• HCL Technologies reported March 2026 quarter net profit of ₹4,48,800.00 lakh, while revenue stood at ₹33,98,100.00 lakh.
• The stock slipped sharply below its 21-day SMA of ₹1,399.20, weakening the near-term structure.

Overview

HCL Technologies Ltd (NSE: HCLTECH) fell 9.98% to ₹1,297.30 after opening at ₹1,345.00 and touching an intraday high of ₹1,358.00. The stock remained under pressure throughout the session and closed near the day’s low.

The sharp decline comes after the stock had spent the past few weeks consolidating near the ₹1,430.00–1,460.00 region. The latest move has pushed HCL Technologies to its lowest level in more than a month.

Fundamental View

For the March 2026 quarter, HCL Technologies reported consolidated total income of ₹33,98,100.00 lakh.

Profit before tax stood at ₹5,98,400.00 lakh, while net profit came in at ₹4,48,800.00 lakh. Earnings remained strong, but both revenue and profit came in below market expectations.

The company also guided for FY27 revenue growth of 1–4%, which was weaker than what the Street had been expecting. That softer outlook appears to have triggered the sharp decline in the stock despite the company continuing to report healthy profitability.

HCL Technologies also announced an interim dividend of ₹24 per share.

Technical View

HCL Technologies has slipped decisively below its 21-day Simple Moving Average of ₹1,399.20, indicating that near-term momentum has weakened significantly.

The stock is now trading below the recent consolidation band and appears to be facing pressure after failing to hold near the ₹1,400.00 zone. The latest price action suggests that the short-term structure has turned weaker.

The 14-day RSI has dropped to 33.17, reflecting a sharp loss of momentum. The indicator is now approaching oversold territory, which may limit further downside in the near term, though the overall setup remains fragile.

Key Technical Levels

The ₹1,200.25–1,100.10 region may now act as the next support zone if the current decline extends further. As long as the stock remains below its recent breakdown area, the possibility of further weakness may continue.

On the upside, HCL Technologies may continue to face resistance around ₹1,399.90–1,501.25. Unless the stock moves back above this band, the recent pullback may remain intact.

Source: TradingView

Risks to Watch

• The stock has broken sharply below its 21-day SMA, which weakens the near-term outlook.
• Failure to hold above ₹1,200.25 may increase downside pressure.
• IT stocks remain sensitive to earnings expectations and global technology spending trends.
• HCL Technologies may continue to witness volatility after the sharp post-result reaction.

Summary

HCL Technologies Ltd (NSE: HCLTECH) has come under heavy pressure after a sharp post-result decline. The stock is now trading below its 21-day SMA and appears to be facing resistance near the recent breakdown zone.

The next few sessions may determine whether HCL Technologies stabilises near ₹1,200.25 or continues to weaken while remaining below the ₹1,399.90–1,501.25 region.

FAQs

Why did HCL Technologies share price fall today?

The stock declined sharply after a weak market reaction and slipped below its recent trading range.

Is HCL Technologies trading below its 21-day SMA?

Yes. HCL Technologies is currently trading below its 21-day SMA of ₹1,399.20.

What are the next key levels for HCL Technologies?

The stock may find support near ₹1,200.25–1,100.10, while resistance is placed around ₹1,399.90–1,501.25.