HCL Tech gains on buyback plan

HCL Technologies rose 2.14% to Rs 981.85 at 9:34 IST on BSE after the company said its board will meet on 12 July 2018, to consider a proposal for buyback of the equity shares.

The announcement was made after market hours yesterday, 9 July 2018.

Meanwhile, the S&P BSE Sensex was up 176.79 points, or 0.49% to 36,111.51.

On the BSE, 89,000 shares were traded in the counter so far compared with average daily volumes of 5.84 lakh shares in the past two weeks. The stock had hit a high of Rs 1000.05 and a low of Rs 976 so far during the day. The stock hit a record high of Rs 1,106.60 on 23 April 2018. The stock hit a 52-week low of Rs 825.10 on 4 December 2017.

 

On a consolidated basis, HCL Technologies' net profit rose 7.47% to Rs 2230 crore on 2.88% increase in net sales to Rs 13178 crore in Q4 March 2018 over Q3 December 2017.

HCL Technologies (HCL) is a global technology company.

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