HCL Technologies hits record high as Q3 profit beat estimates

Shares in India's HCL Technologies Ltd rose as much as 3.5% to a record high of 1,377 rupees after the company reported December-quarter consolidated net profit rose more than expected.

Shares in India's HCL Technologies Ltd rose as much as 3.5% to a record high of 1,377 rupees after the company reported December-quarter consolidated net profit rose more than expected.

HCL Technologies said earlier in the day its consolidated net profit for October-December rose by 58.4% to 14.96 billion rupees ($243.03 million), compared with the average estimate of 14.22 billion rupees by 24 analysts.

HCL Technologies was up 3%, outperforming a 0.2% gain in the broader NSE index.

($1 = 61.5550 rupees)