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Smart third quarter results lift HCL by 10% on BSE

Smart third quarter results lift HCL by 10% on BSE

The IT major posted a 33 per cent rise in net profit to Rs 468.2 crore in the quarter ended March 31. The scrip spurted 9.82 per cent to Rs 522.35 a piece on BSE.

IT firm HCL Technologies on Wednesday surged nearly 10 per cent in early trade on bourses after the company posted 33 per cent rise in net profit at Rs 468.2 crore for the third quarter ended March 31.

The company had reported a net profit of Rs 350.3 crore in the year-ago period.

Buoyed by the news, the scrip spurted 9.82 per cent to a 52-week high of Rs 522.35 a piece on Bombay Stock Exchange (BSE). Frenzied buying lifted the stock on National Stock Exchange as well, where it jumped 9.61 per cent to a year-high of Rs 522.35.

On the volume front, over 32 lakh shares of the company changed hands on the two bourses.

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Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
Published on: Apr 20, 2011, 12:23 PM IST
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