HCL Tech climbs 6% on strong Q4 earnings

25th July 2012 11:18 AM

India"s fourth largest software exporter, HCL Technologies climbed on Wednesday after the company announced strong Q4 profit. Shares ofthe company are trading at Rs 511.20, up Rs 29.6, or 6.15% at the Bombay Stock Exchange (BSE) on Wednesday at 10:31 a.m. The company registered a growth of 67.3% on year-on-year basis in the net profit to Rs 8.54 billion for the quarter ended June 30, 2012. On quarter on quarter basis, it posted a rise of 41.8% in the net profit.

Total revenues has increased to Rs 59.19 billion for the quarter ended June 30, 2012, representing an increase of 37.67% on year-on-year basis (13.49% rise on quarter-on-quarter basis). EBIT was at Rs 11.48 billion, up 72.6% YoY.The scrip has touched an intra-day high of Rs 513.60 and low of Rs 504. The total volume of shares traded at the BSE is 363,566.In the earlier session, the shares rose 0.83%, or Rs 3.95, at Rs 481.60. Currently, the stock is trading down 2.35% from its 52-week high of Rs 523.50 and above 41.96% over the 52-week low of Rs 360.10.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 477.55 4.05 0.85 1 Month 464.60 17.00 3.66 3 Months 501.20 (19.60) (3.91) 6 Months 427.90 53.70 12.55 1 Year 514.80 (33.20) (6.45) Note: Based on previous day closing price.
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