HCL Infosystems lost 4.96% to Rs 59.45 at 15:09 IST on BSE, on profit booking after surging 77.19% in preceding eight trading sessions.
Meanwhile, the BSE Sensex was down 189.61 points, or 0.7%, to 26,889.90
On BSE, so far 22.96 lakh shares were traded in the counter, compared with an average volume of 10.20 lakh shares in the past one quarter.
The stock hit a high of Rs 64.70 and a low of Rs 58.05 so far during the day. The stock hit a 52-week high of Rs 82.70 on 9 October 2014. The stock hit a 52-week low of Rs 30.65 on 16 June 2015.
The stock had outperformed the market over the past one month till 9 October 2015, surging 81.57% compared with 5.29% rise in the Sensex. The scrip also outperformed the market in past one quarter, gaining 63.96% as against Sensex's 1.79% decline.
The small-cap company has an equity capital of Rs 44.58 crore. Face value per share is Rs 2.
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Shares of HCL Infosystems were on a roll recently, surging 77.19% in preceding eight trading sessions to settle at Rs 62.55 on 9 October 2015 from a recent low of Rs 35.30 on 28 September 2015. Gains in the stock caught momentum after a firm run by independent investor Radhakishan Damani bought 1.80% stake in the company on 7 October 2015, through bulk deals on BSE and NSE. Derive Investments, an investment company run by independent investor Radhakishan Damani who is known in India for his stock picks, bought 28.56 lakh shares at Rs 48.90 per share on the NSE on 7 October 2015. It bought 11.63 lakh shares at Rs 49.85 per share on the BSE on 7 October 2015. Shares of HCL Infosystems surged by maximum permissible daily limit of 20% to settle at Rs 51.75 on 7 October 2015. The stock gained by maximum permissible daily limit of 10% to settle at Rs 56.90 on 8 October 2015. It rose by maximum permissible daily limit of 10% to settle at Rs 62.55 on 9 October 2015.
On a consolidated basis, HCL Infosystems reported net loss of Rs 41.45 crore in Q4 June 2015, lower than net loss of Rs 72.37 crore in Q4 June 2014. Net sales fell 4.2% to Rs 1685.50 crore in Q4 June 2015 over Q4 June 2014.
HCL Infosystems is India's premier IT Services, Solutions & Distribution Company enabling organizations to attain and sustain competitive advantage by leveraging Information and Communication Technologies. It is a leader in IT Services & Solutions with a comprehensive portfolio of capabilities spanning IT & System Integration services and digitally-enabled learning and career development solutions to value-added distribution of Technology & Mobility products.
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