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Highlights

• HCLTech shares down 6.58% to ₹1,332.40; Infosys down 4.31% to ₹1,270.30, as of 24 February 2026.
• NIFTY IT index fell 4.95% today and 9.33% over the past week; HCLTech HOLD target ₹1,746.05, Infosys BUY target ₹1,747.98.
• Both companies continue to expand AI offerings—VisionX 2.0 (HCLTech) and Topaz™ suite with AI-first framework (Infosys).

Shares of HCL Technologies Ltd (NSE:HCLTECH) and Infosys Ltd (NSE INFY) declined sharply amid broader weakness in the IT sector. HCLTech traded at ₹1,332.40, down ₹93.80 (6.58%) as of 24 February, while Infosys slipped ₹57.20 (4.31%) to ₹1,270.30. Over the past year, HCLTech is down 18.96% and Infosys 27.99%. Despite this, AI initiatives and broker consensus indicate potential for future gains.

HCLTech Expands AI Edge Capabilities

HCL Technologies recently advanced its AI initiatives:

• Acquisition of Wobby BV: HCLTech acquired 100% stake in Belgium-based agentic AI startup Wobby BV through its subsidiary Actian Germany GmbH.
• VisionX 2.0 Launch: The company unveiled VisionX 2.0, a multi-modal AI edge platform integrating NVIDIA physical AI computing stack, vision language models (VLMs), multi-modal fusion, and edge-optimized generative AI to deliver real-time intelligence and operational efficiency for industrial environments.

Broker Consensus: Refinitiv data shows a consensus rating of HOLD for HCLTech, with a target price of ₹1,746.05.

Infosys Focuses on AI-First Strategy

Infosys is also advancing AI adoption globally:

• Topaz™ Suite: Generative and agentic AI suite for enterprise AI deployment.
• AI-First Value Framework: Launched on 17 February, the framework targets six AI value pools and enhances both new AI services and existing service augmentation.
• Market Opportunity: NASSCOM-McKinsey estimates incremental AI-first services market could reach USD 300–400 billion by 2030.

Broker Consensus: Refinitiv data shows a consensus rating of BUY for Infosys, with a target price of ₹1,747.98.

Market Context

The decline follows broader weakness in the Indian IT sector, with the NIFTY IT index down 23.98% over the past year. Global technology benchmarks such as NASDAQ-100 Technology fell 2.63% on 23 February. Market sentiment has been affected by macroeconomic concerns, profit booking, and sector rotation.

Despite recent share price declines, HCL Technologies and Infosys continue to pursue AI-driven growth. Broker consensus ratings—HOLD for HCLTech at ₹1,746.05 and BUY for Infosys at ₹1,747.98—highlight potential recovery opportunities. VisionX 2.0 and Infosys’ AI-first strategy position both companies for engagement in large-scale enterprise AI services.

Frequently Asked Questions

1. How much have HCLTech and Infosys shares fallen recently?
   HCLTech is down 6.58% today at ₹1,332.40, while Infosys has dropped 4.31% to ₹1,270.30, with both declining significantly over the past year.
2. What are the recent AI initiatives by HCLTech and Infosys?
   HCLTech launched VisionX 2.0 and acquired Wobby BV, while Infosys introduced its AI-first framework and Topaz™ suite for enterprise AI adoption.
3. What is the broker outlook for these stocks?
   Refinitiv shows HCLTech with a HOLD rating and target price ₹1,746.05, and Infosys with a BUY rating and target price ₹1,747.98.