Recommendation from Software & IT Services and FMCG Sector

The scrips in this column have been recommended with a 15-day investment horizon in mind and carry high risk. Therefore, investors are advised to take into account their risk appetite before investing, as fundamentals may or may not back the recommendations.[EasyDNNnews:PaidContentStart]

HCL Technologies Ltd.
CMP - ₹1,569.85
BSE CODE 532281
Volume 1,37,893
Face Value ₹2
Target ₹1,695- ₹1,730
Stoploss ₹1,460 (CLS)

HCL Technologies is a leading global IT services and consulting company offering solutions across digital, engineering, cloud, and software services. HCL Tech leverages innovation and automation to drive digital transformation worldwide. The company delivered a strong topline performance, outperforming many of its leading peers in revenue growth. In Q2FY26, the company reported a notable 11 per cent year-on-year rise in revenue to ₹31,942 crore, while net profit stood steady at ₹4,236 crore, remaining largely unchanged from the same period last year. It has earned the Microsoft Copilot Specialization, becoming one of the first Global System Integrators (GSIs) to achieve this distinction. This milestone underscores HCLTech’s advanced expertise in implementing Microsoft 365 Copilot, Copilot Chat, Copilot Studio, and agentic extensibility. The stock has recently seen renewed buying interest and appears poised for significant upside potential, supported by optimism surrounding the India-U.S. deal. Considering these factors, we recommend BUY

Elitecon International Ltd.
CMP - ₹149.05
BSE CODE 539533
Volume 5,40,893
Face Value ₹1
Target ₹160 - ₹164
Stoploss ₹139 (CLS)

Elitecon International Ltd (formerly Kashiram Jain & Company) is an Indian company established in 1987. It manufactures and exports tobacco-related products such as cigarettes, sheesha, and smoking mixtures, and is expanding into fast-moving consumer goods (FMCG) with products like snacks and edible oils. In Q2FY26, on a standalone basis, the company delivered exceptional performance with revenue surging over 500 per cent year-on-year to ₹505 crore, while net profit jumped sharply to ₹20 crore, compared to ₹9 crore in the corresponding quarter of the previous year.The company recently announced that its board of directors has approved an interim dividend of 5 paise per share (5 per cent) on shares with a face value of Re 1 each. The company also announced the acquisition of equity stakes in firms operating in the agro products and allied segments, a strategic move aimed at strengthening Elitecon’s presence in the FMCG business vertical. Given its growthoriented initiatives and promising upside potential, we recommend BUY.

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