HCL Tech shares jump over 6%1 min read . Updated: 08 Aug 2019, 07:00 PM IST
- Market capitalisation rises by ₹8,915 crore after Q1 results
- It was the top gainer among the frontline companies on both the key indices
New Delhi: Shares of HCL Technologies jumped over 6% on Thursday after the company's revenue from operations rose 18.3% in June quarter.
The scrip rose 6.43% to close at ₹1,088 on the BSE. Intra-day, the stock zoomed 7.11% to ₹1,095.
On the NSE, shares jumped 6.41% to close at ₹1,088.25.
It was the top gainer among the frontline companies on both the key indices.
The company's market valuation rose ₹8,915.25 crore to ₹1,47,567.25 crore on the BSE.
In terms of volume, 1.31 lakh shares were traded on the BSE, while over 62 lakh shares were traded on the NSE.
"HCL Technologies kicked-off 2019-20 with revenue beating expectations," Edelweiss Research said in a report.
The company on Wednesday reported a 8.2% fall in consolidated net profit to ₹2,230 crore for the June quarter, and said it was "cautiously optimistic" about growth in the ongoing fiscal.
HCL Technologies' net profit stood at ₹2,431 crore in the year-ago period. Its revenue from operations rose 18.3% to ₹16,427 crore in the June quarter from ₹13,878 crore a year ago.
The company has maintained its forecast of 2019-20 revenue growth to be between 14-16% in constant currency terms.
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