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HCL Technologies share price has gained 12% in one month, but has risen only 1% in six months. The largecap IT stock has fallen 13% on a year-to-date (YTD) basis, and has declined 8% in one year. HCL Tech shares have jumped 51% in three years and 107% in five years.

HCL Technologies share price rallied over 3% in early trade on Tuesday after the company announced acquisition of a minority stake in domestic generative AI startup Axonwise Private Limited (Sarvam AI). HCL Tech shares gained as much as 3.42% to ₹1,157.50 apiece on the BSE.

HCL Technologies shares emerged as the top gainer in both the benchmark indices, Sensex and Nifty 50.

The Indian IT major HCL Technologies said it will acquire a 10.46% stake in Sarvam AI for ₹1,427.25 crore in cash, leading the firm’s Series B round as a strategic investor.

HCL Technologies will acquire 41,421 equity shares in the Bengaluru-headquartered startup and fund its research and development aimed at training next-generation models for agentic AI, coding and cybersecurity use cases.

Sarvam AI is India’s full-stack sovereign AI company, building frontier models across text and other modalities, and AI products for enterprises, developers, and government, with focus verticals in banking, insurance, government technology, and defence.

The indicative time period for completion of the acquisition is within two weeks of signing.

Sarvam was valued at $1.5 billion in the round, which raised $234 million in its first close out of a targeted $300 million, the startup said.

The round was co-led by Bessemer Venture Partners, with continued participation from existing investors Khosla Ventures and Peak XV Partners, Sarvam added.

The investment will allow HCL Technologies to develop specific language models and AI solutions for its global client base, and accelerate the development of sovereign AI solutions for governments and regulated industries.

Technical Outlook

HCL Technologies share price is sweeping its major weekly swing low near ₹1,142 with a gap move, indicating a potential liquidity grab and exhaustion of selling pressure, noted Anshul Jain, Head of Research at Lakshmishree Investments.

“Such price action often signals the exit of weak hands before a reversal attempt begins. However, confirmation remains critical, and only a sustained move accompanied by a weekly close above ₹1,142 would validate the sweep and shift momentum back in favour of bulls. If confirmed, HCL Tech stock price could attract fresh buying interest and head toward the ₹1,220 zone in the near term,” said Jain.

According to him, the risk-reward profile improves considerably above the reclaimed level, while failure to sustain above ₹1,142 would invalidate the setup and expose the stock to renewed downside pressure.

HCL Technologies Share Price Performance

HCL Technologies share price has gained 12% in one month, but has risen only 1% in six months. The largecap IT stock has fallen 13% on a year-to-date (YTD) basis, and has declined 8% in one year. HCL Tech shares have jumped 51% in three years and 107% in five years.

At 10:10 AM, HCL Technologies share price was trading 2.77% higher at ₹1,150.15 apiece on the BSE.

Disclaimer: Moneywealth research provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.

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