HCL Tech gains after launching digital service exchange platform

HCL Technologies rose 2.49% to Rs 950.60 at 14:48 IST on BSE after the company launched a new digital service exchange platform enabled by ServiceNow software.

The announcement was made during market hours today, 24 September 2015.

Meanwhile, the S&P BSE Sensex was up 87.05 points or 0.34% at 25,910.04

On BSE, so far 33,920 shares were traded in the counter as against average daily volume of 1.12 lakh shares in the past one quarter.

The stock hit a high of Rs 951 and a low of Rs 928.05 so far during the day. The stock had hit a record high of Rs 1,058.20 on 11 March 2015. The stock had hit a 52-week low of Rs 725.18 on 15 December 2014.

The stock had outperformed the market over the past one month till 23 September 2015, falling 3.73% compared with Sensex's 5.64% fall. The stock had also outperformed the market in past one quarter, rising 0.06% as against Sensex's 7.13% fall.

The large-cap company has equity capital of Rs 281.24 crore. Face value per share is Rs 2.

The new digital service exchange platform provides service integration and management (SIAM) capabilities to enterprises allowing them to request and receive business services efficiently across their organizations.

The digital service exchange platform is where service demands such as content requisitions from various departments will be generated and standard catalogue with defined service utility and warranty will be provided to business, and IT and users, which can then be consumed via multiple access channels, HCL Technologies said.

On consolidated basis, HCL Technologies' net profit rose 9.68% to Rs 1846.07 crore on 1.61% growth in net sales to Rs 9416.22 crore in Q4 June 2015 over Q3 March 2015.

HCL Technologies is a leading global IT services company working with clients in the areas that impact and redefine the core of their businesses.

Powered by Capital Market - Live News