HCL Technologies rallies 5% on strong Q4 nos

HCL Technologies has rallied 5% to Rs 364, after the company posted 72% growth in net profit to Rs 263 crore for the quarter ended March 31, 2010 as compared to Rs 153 crore for the quarter ended March 31, 2009. Total Income increased 20% to Rs 1,321 crore (Rs 1,093 crore) during the quarter.

“The board of directors of the company declared an interim dividend of 50% (Re 1 per equity share of Rs 2 each of the company) for FY10. The company during the quarter made a gross addition of 7,136 employees, taking its total headcount to 58,129” the company said in its statement to the stock exchange.

For the nine month ended March 31, 2010, the company has posted 2% growth in net profit to Rs 819 crore, against Rs 804 crore net profit in the same period previous fiscal.

The stock opened at Rs 350, is currently trading at day’s high level. Around 145,000 equity shares have changed hands on the counter so far on the BSE.