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HCL Tech shares hit one year high, gain 7 pc on Q2 earnings

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

BT Online Bureau | January 17, 2013 | Updated 11:44 IST

Robust Q2 earnings helped the software IT major HCL Technologies ' shares to touch a one-year high level and gain 7 per cent on Thursday. The company reported a 68.5 per cent jump in its net profit at Rs 964.7 crore for the quarter ended December 31, 2012, driven by growth in infrastructure and financial services.

Boosted by the smart earnings, shares of the company opened higher and as the trade progressed it surged 6.91 per cent to Rs 720.90 -- 52-week high level on the BSE.

At NSE, the stock zoomed 7 per cent to touch a one-year high level of Rs 721.30.

"HCL Tech reported Q2 FY13 results were ahead of expectation," Prabhudas Lilladher said in a report.

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

HCL Tech's revenues stood at Rs 6,273.8 crore during the reported quarter, up 19.6 per cent from Rs 5,245.2 crore in the same quarter of FY12.

With PTI inputs

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