HCL Infosystems drops after weak Q2 result

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Capital Market
Last Updated : Jan 23 2015 | 11:05 AM IST

HCL Infosystems lost 10.29% to Rs 44.45 at 09:35 IST on BSE after the company reported consolidated net loss of Rs 50.82 crore in Q2 December 2014, higher than net loss of Rs 44.15 crore in Q2 December 2013.

The result was announced after trading hours yesterday, 22 January 2015.

Meanwhile, the BSE Sensex was up 394.38 points, or 1.36%, to 29,400.40

On BSE, so far 2.71 lakh shares were traded in the counter, compared with an average volume of 5.50 lakh shares in the past one quarter.

The stock hit a high of Rs 49.75 and a low of Rs 44.40 so far during the day. The stock hit a 52-week high of Rs 94.50 on 22 September 2014. The stock hit a 52-week low of Rs 22.60 on 30 January 2014.

The small-cap company has an equity capital of Rs 44.58 crore. Face value per share is Rs 2.

HCL Infosystems' total income fell 25% to Rs 1468.81 crore in Q2 December 2014 over Q2 December 2013.

HCL Infosystems is India's premier distribution and IT services and solutions company.

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First Published: Jan 23 2015 | 9:40 AM IST

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