HCL Tech shares soar over 11% on Q2 profit; bonus shares

Shares of HCL Technologies today surged over 11 per cent after the company reported 28 per cent rise in consolidated net profit for the second quarter ended December 2014.
HCL Tech's shares soared 11.42 per cent to Rs 1,834 -- its 52-week high at the BSE.
On the NSE, it jumped 10.37 per cent to touch a one-year peak of Rs 1,820.
India's fourth-largest software services exporter HCL Technologies today reported 28 per cent rise in consolidated net profit at Rs 1,915 crore for the second quarter ended December 2014.
This was on growth in European business as well as life-sciences and healthcare verticals.

The firm, which follows July-June fiscal year, had posted a net profit of Rs 1,496 crore in the year-ago period, it said in a BSE filing.

Consolidated revenues grew by 13.4 per cent at Rs 9,283 crore in the October-December 2014 quarter as against Rs 8,184 crore in the same quarter of the previous fiscal.
In the July-September quarter, the firm had reported a net profit of Rs 1,873 crore and revenues of Rs 8,735 crore.
In order to expand the retail base, the company's Board has recommended issuance of bonus shares in the ratio of 1 share for every 1 share held.

It also declared an interim dividend of Rs 8 per equity share of Rs 2 each.