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Informist, Friday, Oct. 10, 2025

 

By Anjana Therese Antony

 

MUMBAI – Some bullish bets were added to the options chain of HCL Technologies ahead of its financial results Monday, which are expected to be strong. The company is expected to outperform most of its large-cap information technology peers in terms of top-line and bottom-line growth. Premiums on some out-of-the-money call options which are close to the stock's current market price rose while those on deep out-of-the-money call contracts declined, indicating that a sharp rise is unlikely in the near term.

 

The stock closed 0.6% higher at INR 1,495.50 Friday on the National Stock Exchange. Near-term support for the stock is seen at INR 1480-INR 1,460 and resistance at INR 1,540, according to a senior technical and derivatives analyst at a domestic broking firm. However, the analyst does not expect the stock to reclaim its record high of INR 2,012.20 hit in January in the near term.

 

Premiums on call options on the stock between INR 1,500 and INR 1,540 expiring on Oct. 28 rose up to 3% and those on put strikes in the range of INR 1,480-INR 1,380 declined 15-24%. The highest addition of open interest was at the INR 1,520 call as well as put options.

 

HCL Technologies is expected to report 12% sequential growth in consolidated net profit to INR 42.88 billion and its revenue is seen rising 4% to INR 316.17 billion, according to the average of estimates from 14 broking firms. The company is also widely expected to retain its constant currency revenue growth guidance of 3-5% for the financial year 2025-26 (Apr-Mar) and earnings before interest and tax margin of 17-18%.

 

--Nifty 50 October closed at 25415.00, up 141.20 points; 129.65-point premium to the spot index

--Nifty 50 November closed at 25543.30, up 140.30 points; 257.95-point premium to the spot index

--Nifty 50 December closed at 25702.00, up 140.60 points; 416.65-point premium to the spot index

 

Tata Consultancy Services, State Bank of India, HDFC Bank, Maruti Suzuki India, ICICI Bank, Axis Bank, Infosys, Reliance Industries, Tata Motors, Laurus Labs, BSE, YES Bank, Multi Commodity Exchange of India, Punjab National Bank, Tata Elxsi, Bharat Electronics, and Hindustan Zinc were the most active underlying stocks Friday.  End

 

Edited by Rajeev Pai

 

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