HCL Technologies
By Sudarshan Sukhani
Sudarshan Sukhani of s2analytics.com is bullish on HCL Technologies and has recommended buy the stock.
HCL Technologies, fourth-largest software services provider, surprised the market with better-than-expected earnings for the December quarter, which broke analyst estimates at the revenue and net profit levels touched a great horizon. The company also promoted its operations chief Anant Gupta as President and CEO.
Companies account book revealed their quarterly revenues of 
6,274 crore; up 19.6 percent year-on-year and 3 percent consecutively. It reported Net profit of 965 crore, up 68.5 percent over last year and 9 percent more than the preceding quarter.
Earnings before interest and taxes (EBIT) was 1,244 crore, i.e. 49.8 percent higher than the last year, and up 5.3 percent quarter-on-quarters.
Currently, HCL Technologies is being traded at 707.45. Its 52 week high is 721.30 and 52 week low has been 409.80.
