HCL shares gain by 10.09 percent

By SiliconIndia   |   Friday, August 21, 2009
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Bangalore: HCL Technologies ended the trading as one of the top gainers with a gain of Rs.25.65 (10.09 percent). After opening at Rs.255, the stock went up to Rs.283 to end the day at Rs.279.90. A total volume of 656,436 shares were traded through the day, with the current P/E ratio of the stock at 23.72. Reliance Growth Fund - Retail Plan holds the highest number of shares in HCL with 3,000,441 shares. The 52 week stock price chart is on the left. HCL Technologies is an information technology (IT) services company providing software-led IT solutions, remote infrastructure management services and business process outsourcing (BPO) services. It focuses on transformational outsourcing, working with clients in areas that impact and re-defines the core of their business. HCL delivers solutions across select verticals, including financial services, retail and consumer, life sciences and healthcare, hi-tech, telecom, and media and entertainment. In the financial year 2007-08, HCL generated a total revenue of Rs.7,562 crore, as compared to Rs.6,068 crore in previous fiscal. The company is scheduled to announce FY 2009 results on August 25, 2009. Currently, out of the 33 analysts following the stock, consensus recommendation is hold. Out of them three analysts recommend to buy, three rate it as outperform and four recommend to sell the stock. Other IT companies have also ended the trade in green zone. Wipro gained by 1.48 percent, Infosys went up by 1.79 percent and Patni by 0.27 percent.
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