HCL Technologies has rallied another 5 per cent to a fresh life-time high at Rs. 1,889 on the back of strong Q3 performance and a liberal bonus issue.
The company had announced 1:1 bonus issue on Friday, while reporting a strong 27.3 per cent growth in Q2 consolidated net profit at $ 307.5 million, under the US GAAP, when compared with $ 241.60 million in the corresponding Q2 quarter. Total income jumped by 12.8 per cent to $ 1,490.70 million from $ 1,321.30 million.
The stock continues to trade near the day's high, up 5 per cent at Rs. 1,882, and has now galloped 14.5 per cent in the last two trading sessions. The counter has seen trades of around 80,000 shares on the BSE.
Meanwhile, the Sensex has jumped over 79 points to 29,104.
No comments:
Post a Comment