HCL Tech Share Price Up More Than 2% After Nvidia AI Integration

HCL Technologies Ltd. shares rose as much as 2.25% on Tuesday after the company announced two key developments aimed at accelerating enterprise AI adoption.

In an exchange filing on Monday, the company said it had integrated Nvidia AI Enterprise with its GenAI-led AI Force platform and Nvidia Omniverse with its physical AI solution, SmartTwin. These integrations are aimed at streamlining software development, enhancing engineering efficiency, and reducing time-to-market for enterprise clients.

The IT major also said it had been recognised as a leader in the Everest Group’s AWS Services PEAK Matrix 2024, highlighting its cloud transformation capabilities. The company has expanded its AWS offerings with a focus on AI, automation, and modernisation for clients in sectors such as banking, telecom and healthcare.

HCL Technologies stock rose as much as 2.25% during the day to Rs 1,421.9 apiece on the NSE. It was trading 1.56% higher at Rs 1,412.2 apiece, compared to a 2.04% advance in the benchmark Nifty 50 as of 11:14 a.m.

It has fallen 6.24% in the last 12 months and 26.39% on a year-to-date basis. The relative strength index was at 33.

Eighteen out of the 45 analysts tracking the tech company have a 'buy' rating on its stock, 17 recommend a 'hold' and ten suggest a 'sell', according to Bloomberg data. The 12-month analysts' consensus target price on the stock is Rs 1,728.08, implying an upside of 22.3%.