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Investors Give Thumbs-Up To HCL Technologies On Strong Q3 Numbers; Scrip Hits 52-Week High

Buoyed by the strong third quarter earnings, shares of IT giant HCL Technologies soared nearly 5 per cent, hitting 52-week high, on Bombay Stock Exchange (NYSE:BSE) after it joined Infosys and Tata Consultancy Services in registering strong quarterly results and signalling an outsourcing pickup.

The company has reported a growth of 68.5 per cent in its net profit year-on-year at Rs 965 crore for the quarter ended December 31, 2012, compared to Rs 573 in the same quarter of last fiscal.

Cheering the numbers, shares of the company started the day on the positive note and witnessed a gain of as much as 4.92 per cent and touched 52-week high to trade at Rs 707.45 a piece on the BSE.

In a similar fashion, shares of the company were quoting at Rs 699.00 a piece, up 3.74 per cent on the National Stock Exchange (NSE).

Meanwhile, the broader benchmark Sensex was quoting at 19,822.83, up 5.20 points or 0.03 per cent at 9:24 hours.

Source - HCL Tech