HCL Technologies gains on reporting 70% rise in Q3 net profit

HCL Technologies is currently trading at Rs. 1436.00, up by 26.60 points or 1.89% from its previous closing of Rs. 1409.40 on the BSE. The scrip opened at Rs. 1446.00 and has touched a high and low of Rs. 1455.00 and Rs. 1415.65 respectively. So far 50182 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1588.65 on 28-Feb-2014 and a 52 week low of Rs. 673.60 on 29-Apr-2013. Last one week high and low of the scrip stood at Rs. 1435.50 and Rs. 1337.05 respectively. The current market cap of the company is Rs. 100456.89 crore. The promoters holding in the company stood at 61.69 % while Institutions and Non-Institutions held 32.28 % and 6.03 % respectively. HCL Technologies has posted a jump of 69.67% in its net profit at Rs 1412.54 crore for third quarter ended March 31, 2014 as compared to Rs 832.96 crore for the same quarter in the previous year. Total income from operations of the company has increased by 40.34% at Rs 4215.84 crore for quarter under review as compared to Rs 3004.06 crore for the quarter ended March 31, 2013. On consolidated basis (as per US GAAP) , the company has reported 39.79% rise in its net income at $264.20 million for the quarter ended March 31, 2014 as compared to $189.00 million for the same quarter in the previous year. Total income from operations of the company has increased by 14.31% at $ 1361.20 million for quarter under review as compared to $1190.80 million for the quarter ended March 31, 2013.