HCL Technologies gains after bulk deal

HCL Technologies advanced 4.72% to Rs 788 at 14:36 IST on BSE after a bulk deal of 13.70 lakh shares was executed on the scrip at Rs 754.30 per share at 09:23 IST on BSE today, 1 August 2016.

Meanwhile, the S&P BSE Sensex was down 71.91 points or 0.26% at 27,979.95

On BSE, so far 15.36 lakh shares were traded in the counter as against average daily volume of 3.57 lakh shares in the past one quarter. The stock hit a high of Rs 790.50 and a low of Rs 752 so far during the day. The stock had hit a 52-week high of Rs 1,004.95 on 31 July 2015. The stock had hit a 52-week low of Rs 706.50 on 11 May 2016. The stock had underperformed the market over the past one month till 29 July 2016, rising 3.64% compared with 4.9% rise in the Sensex. The scrip also underperformed the market in past one quarter, gaining 0.27% as against Sensex's 9.55% rise.

The large-cap company has equity capital of Rs 282.17 crore. Face value per share is Rs 2.

On consolidated basis, HCL Technologies' net profit rose 4.01% to Rs 1997.04 crore on 0.01% growth in net sales to Rs 10342.80 crore in Q3 March 2016 over Q2 December 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.

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