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HCL Tech scrip hits 52-wk high on strong Q1 nos

PTI  Mumbai, October 17, 2012
First Published: 12:55 IST(17/10/2012) | Last Updated: 12:56 IST(17/10/2012)

HCL Technologies scrip on Wednesday gained nearly 4% to hit one year high after the IT firm posted 78.1% jump in net profit for the quarter ended September 30.


After opening the trade on a strong note, shares of the company further jumped 3.67% to a 52-week high of Rs. 605.75 on the BSE.

Similarly on the NSE, the scrip rose by 3.83% to a 52-week high of Rs. 584.50.

"HCL Tech yet again reported strong set of results. HCL Tech, with end-to-end IT capabilities and a strong client mining ability, is clearly emerging as a front runner and outperforming many of its peers companies," Angel Broking Research Analyst (IT) Ankita Somani said.

HCL this morning posted 78.1% jump in net profit at Rs. 884.8 crore for the first quarter ended September 30.

The company's net profit stood at Rs. 496.7 crore in the July-September quarter of 2011.

HCL follows July-June fiscal year.

Meanwhile, in the broader market, the BSE 30-stock index, Sensex, was trading at 18,611.80, up 34.10 points at 10: 45am.

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