HCL Tech gains over 2% post Q1 result; Shiv Nadar steps down as Chairman

The company has also declared an interim dividend of Rs 2 for the financial year 2020-21

Shares of HCL Technologies gained over 2 per cent to Rs 642 on the BSE on Friday after the IT major released its financial results for the first quarter of the fiscal year 2020-21 (Q1FY21). 

At 09:40 am, the stock was trading nearly 0.6 per cent higher at Rs 631 on the BSE. In comparison, the S&P BSE Information Technology index was quoting nearly 1 per cent lower at 17,035.99 levels while the benchmark S&P BSE Sensex was up over 0.5 per cent at 36,679 levels.   

According to TV reports, HCL Technologies on Friday reported a 31.7 per cent year-on-year (YoY)