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HCL Tech climbs 1% post quarterly results
Source: IRIS | 17 Apr, 2014, 09.37AM
Rating: NAN / 5 stars.
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HCL Technologies shares gained on Thursday on the back of better than expected quarterly earnings. It reported a consolidated net profit of Rs 10.21 billion; up 59% and revenue of Rs 64.3 billion; up 29.8% for the third quarter. On quarter on quarter basis, it posted a rise of 8.5% in the net profit and 2% in the revenue.

Total headcount was at 90,190 with gross addition of 30,606 and net addition of 5,787.

Shares of the company are trading at Rs 1,423.00, up Rs 13.6, or 0.96% at the Bombay Stock Exchange (BSE) on Thursday at 9:30 a.m.

The scrip has touched an intra-day high of Rs 1,455.00 and low of Rs 1,415.65. The total volume of shares traded at the BSE is 38,443.

In the earlier session, the shares declined 1.06%, or Rs 15.05, at Rs 1,409.40.

Currently, the stock is trading down 10.43% from its 52-week high of Rs 1,588.65 and above 111.25% over the 52-week low of Rs 673.60.



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