HCL Tech shares surge 9%;m-cap jumps Rs 10,418 cr post results

Shares of HCL Technologies soared 9 per cent, adding Rs 10,418 crore to its market valuation, today after the company posted 28 per cent jump in consolidated net profit for the quarter ending December 2014.
After surging 11.42 per cent to 52-week high of Rs 1,834 in intra-day trade, shares of HCL Tech finally ended at Rs 1,794.10, up 9 per cent on the BSE.
At the NSE, it rallied 8.82 per cent to end at Rs 1,794.35.
Following the sharp rally in the stock, the company's market value jumped Rs 10,418.07 crore to Rs 1,26,021.07 crore.
In terms of volume, 3.04 lakh shares of the company changed hands at the BSE and over 53 lakh shares were traded at the NSE during the day.

"HCL Technologies announced Q2 FY15 numbers, ahead of expectations, mainly on the sales front," said Sarabjit Kour Nangra, VP Research - IT, Angel Broking.

India's fourth-largest IT firm HCL Technologies today posted 28 per cent jump in consolidated net profit at Rs 1,915 crore for the December 2014 quarter, helped by strong growth in engineering services and rising customer preference for digital solutions.
The city-based firm, which follows July-June fiscal year, had posted a net profit of Rs 1,496 crore in the year-ago period.
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.