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| HCL Tech pares gains, slips 2% |
| BS Reporter / Mumbai Aug 26, 2009, 15:51 IST |
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The stock pared all its gains and slipped into the negative zone to touch a low of 299 . the scrip finally ended at Rs 301, down 2% from the previous close.
Around 607,442 shares were traded on the BSE as compared to the two-week daily average traded volumes of 416,764 shares.
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(Updated at 1010hrs)
HCL Technologies has surged for the second consecutive day after announcing their FY09 results.
The stock opened at Rs 311 and gained 2.6% to touch a high of Rs 315. It is now up 2.3% at Rs 314. The stock has soared over 25% in the past week.
Over 99,878 shares have been traded on the BSE so far.
The company informed the BSE that the the net profit has surged 25.5% to Rs 1,319.63 crore in the year ended June, 2009 from Rs 1,051.41 crore in the corresponding period a year ago. Total income has increased 35% to Rs 10,491.61 crore from Rs 7,755.50 crore.
Further, the company, according to a release, has announced a partnership with Optimation in New Zealand. The deal would be to offer innovative and flexible solutions to New Zealand Government and enterprise customers that reliably deliver on their business goals.
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