HCL Tech falls 4% on profit booking post September quarter results

The stock has outperformed the market by surging 81 per cent in the past six months, against 31 per cent rise in the S&P BSE Sensex

Shares of HCL Technologies on Friday slipped 4 per cent to Rs 821 on the BSE as investors booked profit after the company reported better-than-expected earnings for the quarter ended September 2020 (Q2FY21). The stock has fallen 8 per cent in the past two trading days and corrected 10 per cent from its record high level of Rs 911, touched on October 14, 2020.

HCL Technologies posted 7.4 per cent quarter on quarter (QoQ) rise in the September quarter net profit at Rs 3,142 crore. Its revenue grew 4.2 per cent to Rs 18,594 crore in the quarter under review,