Stocks

HCL Tech shares touch 52-week high

PTI Mumbai | Updated on March 12, 2018 Published on January 17, 2013

A view of HCL Technologies' unit at Navalur in Chennai.

Shares of HCL Technologies gained 7 per cent to touch a one-year high today after the software services major reported a 68.5 per cent jump in its net profit for the second quarter ended December 31, 2012.

Boosted by the smart earnings, the scrip opened higher and as the trade progressed, it surged 6.91 per cent to Rs 720.90 — a 52-week high on the BSE. On the NSE, the stock zoomed 7 per cent to touch a one-year high of Rs 721.30.

“HCL Tech reported Q2 FY’13 results were ahead of expectations,” Prabhudas Lilladher said in a report.

The company has reported a 68.5 per cent jump in its net profit at Rs 964.7 crore for the second quarter ended December 31, 2012, driven by growth in infrastructure and financial services.

The net profit stood at Rs 572.7 crore in the October-December quarter of 2011, the company said in a statement. It follows July-June fiscal year.

Revenues stood at Rs 6,273.8 crore (Rs 5,245.2 crore), up 19.6 per cent.

Published on January 17, 2013
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