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HCL Tech scrip hits 52-week high on strong Q1 numbers

HCL Tech scrip hits 52-week high on strong Q1 numbers

After opening the trade on a strong note, shares of the company further jumped 3.67 per cent to a 52-week high of Rs 605.75 on the BSE. Similarly on the NSE, the scrip rose by 3.83 per cent to a 52-week high of Rs 584.50.

HCL Technologies shares were trading in the positive zone and hit 52-week high on the back of strong first quarter numbers.The IT firm posted 78.1 per cent jump in net profit for the quarter ended September 30.

After opening the trade on a strong note, shares of the company further jumped 3.67 per cent to a 52-week high of Rs 605.75 on the BSE.

Similarly on the NSE, the scrip rose by 3.83 per cent to a 52-week high of Rs 584.50.

"HCL Tech yet again reported strong set of results. HCL Tech, with end-to-end IT capabilities and a strong client mining ability, is clearly emerging as a front runner and outperforming many of its peers companies," Angel Broking Research Analyst (IT) Ankita Somani said.

HCL this morning posted 78.1 per cent jump in net profit at Rs 884.8 crore for the first quarter ended September 30.

The company's net profit stood at Rs 496.7 crore in the July-September quarter of 2011.

HCL follows July-June fiscal year.

Meanwhile, in the broader market, the BSE 30-stock index, Sensex, was trading at 18,611.80, up 34.10 points at 1045 hrs.

With PTI inputs