Anil Singhvi recommends buying high-dividend yield HCL Technologies stock post strong Q4 show

HCL Technologies Q4 Results, HCL Tech share price: Noida-based HCL Technologies for the March quarter posted in-line results with March quarter down over 6 per cent sequentially to Rs 4,307 crore. Zee Business research estimated profit for the quarter at Rs 4,260 crore. Revenue at the company, however, rose 1.2 per cent to Rs 30,246 crore in the March quarter.

In Q4, the company's revenue in constant currency terms declined 0.8 per cent sequentially.

For the ongoing fiscal year 2025-26, the company's revenue guidance was at 2-5 per cent year-on-year in constant currency terms, while EBIT is at 18-19 per cent.

HCL Technologies 

For the FY 2025-26, the company announced Rs 18 per share for which the record date is April 28, while the dividend payment date is May 6.

Segmental revenue

Of the different segments, financial services and manufacturing accounted for the highest revenue share for the company.

Anil Singhvi view on HCL Technologies

Given the strong guidance and an attractive dividend yield of 4.5 per cent, the IT company has been accoladed by Zee Business Managing Editor Anil Singhvi, post the company's best results within the IT sector. The expert advises buying HCL Tech Futures for a target of Rs 1,560, 1,575 and Rs 1,590- meaning gains of over 7 per cent. For the said trade, the 

The said target has already been achieved in the cash market for the strong after encouraging Q4 results.

Additionally, the market guru said after the Nasdaq 100 overnight rally of 2.7 per cent, the mood back home in the IT pack will be further boosted post strong numbers by the IT major - HCL Technologies. And as anticipated Nifty IT index is the star performer in today's session.

How IT stocks may perform today as per Anil Singhvi?

Top-tier companies including TCS and Tech Mahindra will see buying action in Wednesday's session, while stock like LTIMindtree will see short covering. Also, amid broad-based buying - midcap counters including Mphasis, Persistent Systems and Coforge will be strong today.