HCL Infosystems gained 2.01% to Rs 91.45 at 09:48 IST on BSE after a US investment management firm bought 0.81% stake in the company on Friday, 19 September 2014.
Meanwhile, the S&P BSE Sensex was down 117.19 points or 0.43% at 26,973.23
On BSE, so far 7.69 lakh shares were traded in the counter as against average daily volume of 8.69 lakh shares in the past one quarter.
The stock hit a high of Rs 92 and a low of Rs 87.70 so far during the day. The stock had hit a 52-week high of Rs 92.40 on 19 September 2014. The stock had hit a 52-week low of Rs 19.05 on 18 December 2013.
The stock had outperformed the market over the past one month till 19 September 2014, rising 16.73% compared with the Sensex's 2.53% rise. The scrip also outperformed the market in past one quarter, gaining 38.67% as against the Sensex's 7.49% rise.
The small-cap company has equity capital of Rs 44.58 crore. Face value per share is Rs 2.
US investment management firm Van Eck Associates Corporation A/c Market Vectors Vietnam bought 18.19 lakh shares at an average price of Rs 88.64 per share of HCL Infosystems in a bulk deal on NSE on Friday, 19 September 2014
HCL Infosystems reported net loss of Rs 198.03 crore in Q4 June 2014, higher than net loss of Rs 40.25 crore in Q4 June 2013. Net sales fell 30.1% to Rs 1377.65 crore in Q4 June 2014 over Q4 June 2013.
HCL Infosystems is India's premier technology company and offers a wide spectrum of IT services and products ranging from Cloud to Learning Solutions.
Powered by Capital Market - Live News
