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HCL Infosystems reverses 3-day 18.06% rally on profit booking

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HCL Infosystems lost 1.68% to Rs 46.90 at 10:21 IST on BSE on profit booking after gaining 18.06% in prior three trading sessions.

Meanwhile, the BSE Sensex was up 16.71 points or 0.07% at 22,719.05

On BSE, so far 7.71 lakh shares were traded in the counter as against average daily volume of 14.22 lakh shares in the past one quarter.

The stock hit a high of Rs 48.40 and a low of Rs 45.90 so far during the day. The stock had hit a 52-week high of Rs 48.75 on Wednesday, 9 April 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 9 April 2014, surging 67.66% compared with the Sensex's 3.57% rise. The scrip had also outperformed the market in past one quarter, jumping 90.8% as against Sensex's 9.6% rise.

The small-cap company has equity capital of Rs 44.58 crore. Face value per share is Rs 2.

Shares of HCL Infosystems had gained 18.06% in three trading days to Rs 47.70 on 9 April 2014 from a recent low of Rs 40.40 on 3 April 2014.

HCL Infosystems reported net profit of Rs 2.30 crore in Q2 December 2013, as against net loss of Rs 28.67 crore in Q2 December 2012. HCL Infosystems' net sales declined 41.5% to Rs 1437.58 crore in Q2 December 2013 over Q2 December 2012.

HCL Infosystems is India's premier technology company and offers a wide spectrum of IT services and products ranging from Cloud to Learning Solutions. As a complete IT solutions provider the company offers comprehensive offerings in Enterprise Application Services, IT Infrastructure Managed Services, System Integration, Office Automation Products and Services, Distribution and Support Services. The company operates in both the Consumer and the Enterprise space - offering the latest mobility products and operating in verticals like BFSI, Telecom, and Healthcare respectively.

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First Published: Apr 10 2014 | 10:27 AM IST

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