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HCL Technologies on Wednesday reported a 8.2% fall in consolidated net profit to  ₹2,230 crore for the June quarter. (Photo: iStock)
HCL Technologies on Wednesday reported a 8.2% fall in consolidated net profit to 2,230 crore for the June quarter. (Photo: iStock)

HCL Tech shares jump over 6%

  • 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.

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

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