HCL Infosystems surges on FII buying
DALAL STREET SPIKES
| According to market sources, a foreign institutional investor has bought into the counter at around Rs 690 levels in Friday's trading. |
| However, the number of shares bought could not be ascertained. The stock finally closed at Rs 695.95 with volumes accounting for 24.7 lakh shares at the BSE alone. |
| A dealer said, a sharp surge in HCL Info stock was purely due to aggressive buying on the counter from FIIs. |
| HCL Infosystems has been in action on sustained buying interest in the stock from market participants on expectations of an impressive growth in and a good current quarter results. |
| Analysts said, the company is going to benefit after the government gave away additional tax sops to the IT hardware and mobile phone sectors. |