Sunday, May 19, 2013
Press Trust Of India
Mumbai, January 17, 2013
First Published: 12:42 IST(17/1/2013)
Last Updated: 12:46 IST(17/1/2013)
HCL Tech stock rises 7 pc on Q2 earnings
Shares of HCL Technologies today gained 7 per cent to touch a one-year high level after the software services major reported a 68.5 per cent jump in its net profit for the quarter ended December 31, 2012.
Boosted by the smart earnings, shares of the company opened higher and as the trade progressed it surged 6.91 per cent to
720.90 -- 52-week high level on the BSE.
At NSE, the stock zoomed 7 per cent to touch a one-year high level of
"HCL Tech reported Q2 FY13 results were ahead of expectation," Prabhudas Lilladher said in a report.
HCL Technologies today reported a 68.5 per cent jump in its net profit at
964.7 crore for the quarter ended December 31, 2012, driven by growth in infrastructure and financial services.
The company's net profit stood at
572.7 crore in the October-December quarter of 2011, HCL Technologies said in a statement. It follows July-June fiscal year.
HCL Tech's revenues stood at
6,273.8 crore during the reported quarter, up 19.6 per cent from
5,245.2 crore in he same quarter of FY12.
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