HCL TECHNOLOGIES Plunges by 5%; BSE IT Index Down 5.6%

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HCL TECHNOLOGIES Plunges by 5%; BSE IT Index Down 5.6%
Wed, 1 Apr 03:33 PM

HCL TECHNOLOGIES share price has plunged 5% and is presently trading at Rs 440.

Meanwhile, the BSE IT Index is at 12,855 (down 5.6%).

Among the top losers in the BSE IT Index today are HCL TECHNOLOGIES (down 5.2%) and ORACLE FINANCIAL (down 5.2%).

NIIT TECHNOLOGIES (up 2.9%) and FIRSTSOURCE SOL. (up 2.5%) are among the top gainers today.

Over the last one year, HCL TECHNOLOGIES has moved down from Rs 555 to Rs 440, registering a loss of Rs 115 (down 20.7%)..

The BSE IT has moved down from 15,532 to 12,855, loss of 2,677 points (down 17.2%) during the last 12 months.

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What About the Benchmark Indices?

The BSE Sensex is at 29,506 (down 4.1%). The top gainers among the BSE Sensex stocks today are HERO MOTOCORP (up 2.6%), BAJAJ AUTO (up 0.8%) and TITAN (up 0.4%). Other gainer include BAJAJ FINANCE (up 0.2%). The most traded stocks in the BSE Sensex are BAJAJ FINANCE and TITAN.

In the meantime, NSE Nifty is at 8,588 (down 3.9%). HERO MOTOCORP (up 2.5%) and INDIABULLS HOU. FIN. (up 1.8%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,872 to 29,506, registering a loss of 9,366 points (down 27.28%).

HCL TECHNOLOGIES Financial Update...

HCL TECHNOLOGIES net profit stood at Rs 29 billion for the quarter ended December 2019, compared to a profit of Rs 26 billion a year ago. Net Sales rose 15.5% to Rs 181.4 billion during the period as against Rs 157.0 billion in October-December 2018.

For the year ended March 2019, HCL TECHNOLOGIES reported 16.2% increase in net profit to Rs 101.2 billion compared to net profit of Rs 87.1 billion during FY18.

Revenue of the company grew 19.5% to Rs 604 billion during FY19.

The current Price to earnings ratio of HCL TECHNOLOGIES, based on rolling 12 month earnings, stands at 5.4x.



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