HCL Tech falls 5% from day's high on profit booking post Q3 results

The stock hit a new high of Rs 619, up 3 per cent after it reported a better-than-expected 2.1 per cent quarter on quarter revenue growth in constant currency (CC) terms.

Shares of HCL Technologies declined 5 per cent to Rs 586 from its early morning high on profit booking. The stock of the country’s third-largest information technology (IT) services firm hit a new high of Rs 619, up 3 per cent after it reported a better-than-expected 2.1 per cent quarter on quarter (QoQ) revenue growth in constant currency (CC) terms. Street had expected growth of around 1.5 per cent.

In the past one month, HCL Technologies has outperformed the market by gaining 8 per cent, as compared to 1 per cent rise in the S&P BSE Sensex.

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