HCL Technologies scales record high

HCL Technologies rose 3.33% to Rs 2,112 at 10:31 IST on BSE after the company fixed 20 March 2015 as record date for liberal 1:1 bonus issue.

The announcement was made after market hours yesterday, 10 March 2015,

Meanwhile, the S&P BSE Sensex was up 100.48 points or 0.35% at 28,810.35

On BSE, so far 65,487 shares were traded in the counter as against average daily volume of 1.68 lakh shares in the past one quarter.

The stock hit a record high of Rs 2,116.40 in intraday trade today, 11 March 2015. The sock hit a low of Rs 2,060 so far during the day. The stock hit a 52-week low of Rs 1,257 on 19 May 2014.

The large-cap IT firm has an equity capital of Rs 140.55 crore. Face value per share is Rs 2.

HCL Technologies and Aegon, a multinational life insurance, pensions and asset management company, after market hours yesterday, 10 March 2015, announced the opening of their joint cXstudio, aimed at delivering customer experience excellence through the adoption of the latest digital technologies. Established close to Aegon's headquarters in The Hague, the 35-seat cXstudio will foster co-innovation between both companies. The aim is to pioneer new and inventive ways for Aegon's customers and potential customers to manage their financial future through digital channels, with a key focus on mobility.

HCL's experienced design, creative and technology specialists will work closely with key business-level stakeholders at Aegon, to support the development of new, more agile, customer-centric approaches to service delivery across existing and emerging digital channels.

On 9 March 2015, HCL Technologies said that the Shiv Nadar Foundation sold its entire holding of 56 lakh shares or 0.8% stake in HCL Technologies in the open market. Governance, tax and legal regulations required the Foundation to sell its holding in HCL Technologies by 31 March 2015, the Shiv Nadar Foundation said. The sale of shares took place to fulfill these conditions, it said. The proceeds of this sale will be used to realise various objectives and initiatives of the Foundation, it said. This transaction was concluded at one go at a discount to the last closing price of HCL Technologies to avoid any overhang in the market for shareholders of HCL Technologies, the Shiv Nadar Foundation said.

HCL Technologies' consolidated net profit rose 2.3% to Rs 1915 crore on 6.3% growth in revenue to Rs 9283 crore in Q2 December 2014 over Q1 September 2014.

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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