HCL Tech shares jumped as much as 11.5 per cent on Friday Jan 30,2015 HCL Tech,after India's fourth largest outsourcer beat earnings estimates and also announced a 1:1 bonus issue.
HCL Tech also announced one bonus share for every share held and a dividend of Rs 8 per share.
As of 2.04 p.m., HCL Tech shares traded 9 per cent higher at Rs 1,794.40 on the BSE. The stock hit a 52-week high of 1,834 in morning trade.
Analysts polled expected HCL Tech to report a profit of Rs 1,774 crore on sales of Rs 8,968 crore
HCL Tech's operation (EBIT) margin was also ahead of estimates at 23.6 per cent. HCL Tech's revenues in US dollars jumped 4 per cent sequentially to $1,491 million ahead of estimates of $1,449 million
No comments:
Post a Comment