HCL Tech shares climbed as much as 2% on Thursday, touching an intraday high of Rs 1,204.00 on the NSE, on a day full of good news.

Let’s start with what triggered the buying. HCL Tech recently reported its results for the June quarter (Q1FY27), and the numbers were solid.

Revenue came in at Rs 34,579 crore, up nearly 14% from the same quarter last year. Net profit rose sharply too, climbing over 20% year on year to Rs 4,424 crore.

The quarter was also marked by record deal wins worth $2.4 billion, a sign that client demand for the company’s services remains strong even in a tough global environment for IT spending. There was fresh company news today as well.

HCL Tech informed the exchange about an expanded partnership with Guardian, though the company hasn’t shared many further details in its filing yet.

Investors will likely be watching for more specifics on what this partnership involves in the days ahead. Dividend timing may have added to the buying interest too.

The company had earlier declared an interim dividend of Rs 12 per share, and tomorrow, July 17, is the last day to own the stock and still qualify for that payout.

Shareholders who are eligible will receive the money by July 27. For a stock trading close to Rs 1,190, that works out to a dividend yield of roughly 1%, a nice bonus for long-term holders on top of any price gains.

It’s worth noting that HCL Tech has had a rough patch over the past year, with the stock still down more than 20% from where it stood 12 months ago.

Thursday’s rally offers a bit of relief, even if the stock remains well below its 52 week high of Rs 1,780.10 touched back in February. HCL Tech shares closed the day at Rs 1,187.40 on the NSE, up 1.66% compared to the previous close.

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