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HCL stock turns down by 4.60 percent
By
SiliconIndia,Thursday, 09 July 2009, 04:18 Hrs
Bangalore: HCL Technology ended up among the top gainers of the day with a gain of 
7.75 (4.60 percent). The market of HCL started trading on the same value it closed yesterday on 168.50. During the day, The stock touched an intraday high of 168 and a low of 163.50 with 134,379 shares traded through the day. The P/E ratio of the stock is 14.92. The stock has touched a 52 week high of 261 and a low of 89.10. With 3,231,590 units of shares, Reliance Growth Fund - Retail Plan (G) is the largest holder in HCL. The stock chart is given on left.
HCL offers integrated portfolio of services including software-led IT solutions, remote infrastructure management, engineering and R&D services and BPO. HCL is a $5 billion global technology and IT enterprise that comprises two companies listed in India -HCL Technologies & HCL Infosystems. In the year ended June 30, 2008, HCL Technology generated revenue of4,615.39 crores against 3,768.72 crores in previous year. It is a stand-alone entity prepared under Indian GAAP
Out of 34 stock analysts currently following HCL Technolgy, consensus recommendation is underperform. Out of these, two rate the stock as buy, one rate it as outperform, 11 rate it as hold, 12 recommend it as underperform and three recommend to sell .
Other related companies could not do well and ended the trading in red. Infosys Technologies plunged by 1.70 percent, Wipro went down by 0.31 percent and Nucleus Software by 0.33 percent.
7.75 (4.60 percent). The market of HCL started trading on the same value it closed yesterday on 168.50. During the day, The stock touched an intraday high of 168 and a low of 163.50 with 134,379 shares traded through the day. The P/E ratio of the stock is 14.92. The stock has touched a 52 week high of 261 and a low of 89.10. With 3,231,590 units of shares, Reliance Growth Fund - Retail Plan (G) is the largest holder in HCL. The stock chart is given on left.
HCL offers integrated portfolio of services including software-led IT solutions, remote infrastructure management, engineering and R&D services and BPO. HCL is a $5 billion global technology and IT enterprise that comprises two companies listed in India -HCL Technologies & HCL Infosystems. In the year ended June 30, 2008, HCL Technology generated revenue of
4,615.39 crores against 3,768.72 crores in previous year. It is a stand-alone entity prepared under Indian GAAPOut of 34 stock analysts currently following HCL Technolgy, consensus recommendation is underperform. Out of these, two rate the stock as buy, one rate it as outperform, 11 rate it as hold, 12 recommend it as underperform and three recommend to sell .
Other related companies could not do well and ended the trading in red. Infosys Technologies plunged by 1.70 percent, Wipro went down by 0.31 percent and Nucleus Software by 0.33 percent.
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Reader's comments (1)
1: Eventhough all the other related companies
ended in red, HCL managed to end the trading
in green. After the budget presentation,
companies are facing tough times to end the
day in green.
Posted by: Neha - 09 Jul, 2009
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