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Smart Q3 nos lift HCL Tech by nearly 10%

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Press Trust of India Mumbai

IT firm HCL Technologies today surged by nearly 10% in early trade on bourses after the company posted 33% growth in net profit at Rs 468.2 crore for the third quarter ended March 31.

The company had reported a net profit of Rs 350.3 crore in the year-ago period.

Buoyed by the news, the scrip spurted by 9.82% to a 52-week high of Rs 522.35 a piece on Bombay Stock Exchange (BSE).

Frenzied buying lifted the company stock on National Stock Exchange as well, where it jumped by 9.61% to a year-high of Rs 522.35.

On the volume front, over 32 lakh shares of the company changed hands on the two bourses.

 

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First Published: Apr 20 2011 | 12:19 PM IST

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