HCL Tech hits 52-week high post Q1 results as it maintains FY18 guidance

HCL Technologies gained nearly 4% to hit its 52-week high on the BSE after the country's fourth largest IT major reported about 8% growth at Rs 2,211 crore in the first-quarter consolidated profit, beating analysts' forecasts, helped by higher revenues from its software services segment and client additions.

However, on a sequential basis, the net profit fell by 10.7%. 

Reacting to its earnings, the stock added as much as 3.8% to Rs 926 on the BSE.

HCL Tech's revenues during the quarter grew by 0.8% to Rs 12,149 crore and dollar revenue rose by 3.7% to $1,884.2 million on sequential