Sensex today | Stock Market Live: Stock to buy today: HCL Technologies (1,423.85) – BUY
Sensex, Nifty, Share Prices LIVE: HCL Technologies share price can rise to ₹1,580
On October 22, 2026, the Sensex experienced a bullish outlook, buoyed by HCL Technologies (₹1,423.85). The stock had risen by over 3% on Wednesday and closed strongly, surpassing a key resistance level of ₹1,380. This level now serves as a solid support, curbing potential downside. The bullish sentiment was reinforced by the positive moving average indicator.
Analysts predict the HCL Technologies share price could soar to ₹1,580 in the coming weeks. The company reported an impressive EBITDA margin of 9.98% (9.87% YoY) and a net profit of ₹379.85 crore (19.35% YoY). Revenue increased by 21.73% YoY and 6.20% QoQ, while EBITDA margin grew to 28.41% (27.93% YoY) and 28.76% QoQ. The subsidiary Innoxel Lifesciences commenced commercial supply to the U.S. market, with its first CMO product launched on October 20, 2026.
Innoxel reported FY26 revenue of ₹72.40 crore from licensing and anticipates commercializing two CMO products in FY27. Goldman Sachs initiated coverage on Mazagon Dock Shipbuilders (MAZG) and Garden Reach Shipbuilders (GRSE), with target prices of INR 1,855 and INR 1,515, respectively, and advised to sell. Six stocks closed below their all-time lows on October 21, 2026.
The EBITDA margin soared to 29.41% (21.58% YoY) and 27.59% QoQ. Bullish technical outlook indicates a target price of ₹1,580, suggesting buy opportunities around ₹1,395–₹1,424, with guided stop-loss levels.
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