The company declared results before trading hours today, 25 January 2010.
Meanwhile, the BSE Sensex was down 140.08 points, or 0.83% to 16,719.60.
On BSE, 79,554 shares were traded in the counter as against an average daily volume of 1.95 lakh shares in the past one quarter.
The stock hit a high of Rs 378.95 and a low of Rs 358 so far during the day. The stock hit a 52-week high of Rs 388 on 22 January 2010 and a 52-week low of Rs 89.10 on 12 March 2009.
The large-cap stock had outperformed the market over the past one month till 22 January 2010, gaining 6.54% as compared to the Sensex’s 1% rise. It had also outperformed the market in the past one quarter, rising 17.91% as compared to the Sensex’s return of 0.42%.
The company’s equity capital is Rs 134.82 crore. Face value per share is Rs 2.
The current price of Rs 361 discounts the company’s Q1 September 2009 annualized EPS of Rs 17.92, by a PE multiple of 20.15.
On a consolidated basis, HCL Technologies’ net income declined 16.71% to $63.80 million in Q2 December 2009 over Q2 December 2008. Revenue has increased 28.54% to $651.70 million in Q2 December 2009 over Q2 December 2008.
In early December 2009, HCL Technologies bagged a five-year multi-million pound deal from UK-based News International, a part of News Corporation, for providing technology infrastructure management & transformation.
In late November 2009, HCL Technologies had secured an order worth $200 million from UK based Equitable Life Assurance Society for providing an end to end solution including policy administration, finance, actuarial services, information technologies (IT) operation, support and call center services. The contract will start from March 2011.
HCL Technologies is a global technology and software services company offering software services, business process outsourcing services and infrastructure management services.
