Intraday Trading Highlights
On 3 Feb 2026, HCL Technologies Ltd opened with a gap-up of 4.46%, signalling strong buying interest from the outset. The stock continued to climb throughout the day, touching a peak of Rs 1770, which represents a 5.6% increase from the previous close. This performance outshone the broader IT - Software sector, which gained 2.3% on the same day, with HCL Technologies outperforming its sector by 0.72%.
The stock’s day change stood at 3.02%, reflecting sustained demand despite a volatile market backdrop. Notably, HCL Technologies has been on a positive trajectory for two consecutive sessions, delivering a cumulative return of 3.49% over this period.
Technical Positioning and Moving Averages
From a technical standpoint, HCL Technologies is trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This alignment suggests a strong upward trend and confirms the stock’s current momentum. The breach of the Rs 1770 level, a fresh 52-week high, further underscores the strength of the rally.
The stock’s high dividend yield of 3.22% at the current price adds an additional layer of appeal, reflecting a steady income component alongside capital appreciation.
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Market Context and Sector Performance
The broader market environment on 3 Feb 2026 was mixed. The Sensex opened sharply higher by 3,656.74 points but subsequently lost momentum, falling by 1,231.66 points to close at 84,091.54, down 2.97% on the day. Despite this, the Sensex remains close to its 52-week high of 86,159.02, just 2.46% away.
While the Sensex traded below its 50-day moving average, the 50DMA itself remains above the 200DMA, indicating a longer-term positive trend. Mega-cap stocks led the market gains, with the Sensex’s overall advance of 2.97% reflecting strength in large-cap segments.
Within this environment, HCL Technologies’ 2.78% gain on the day was slightly below the Sensex’s rise but well ahead of the IT sector’s 2.3% gain, highlighting the stock’s relative strength.
Performance Across Time Horizons
Examining HCL Technologies’ performance over various time frames provides further insight into its market standing. Over the past week, the stock has delivered a modest 0.17% gain, compared with the Sensex’s 2.73% advance. However, over the last month, HCL Technologies outperformed significantly, rising 5.05% while the Sensex declined by 1.95%.
Over three months, the stock’s return of 11.51% notably exceeded the Sensex’s 0.13% gain. Year-to-date, HCL Technologies has gained 6.05%, contrasting with the Sensex’s 1.32% decline. Longer-term returns also demonstrate the stock’s resilience, with a three-year gain of 50.35% versus the Sensex’s 38.21%, a five-year gain of 79.54% compared to 67.33%, and a ten-year gain of 304.03% against the Sensex’s 247.15%.
Mojo Score and Rating Update
HCL Technologies currently holds a Mojo Score of 72.0, reflecting a positive overall assessment. The stock’s Mojo Grade was revised from Strong Buy to Buy on 1 Feb 2026, indicating a slight moderation in rating while maintaining a favourable outlook. The Market Cap Grade stands at 1, underscoring the company’s large-cap status within the Computers - Software & Consulting sector.
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Summary of Trading Action
HCL Technologies’ strong intraday performance on 3 Feb 2026 was characterised by a gap-up opening, sustained buying interest, and a new 52-week high of Rs 1770. The stock’s ability to trade above all major moving averages and outperform its sector highlights its current strength in a market environment where the broader indices showed mixed signals.
The stock’s dividend yield of 3.22% further complements its price appreciation, offering investors a combination of income and capital gains potential. The recent Mojo Grade adjustment to Buy from Strong Buy reflects a nuanced view of the stock’s momentum while maintaining a positive stance.
Overall, HCL Technologies Ltd’s trading session on 3 Feb 2026 stands out as a notable example of strong intraday momentum within the Computers - Software & Consulting sector.
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