Thursday, 12 July 2018

HCL Technologies gains 1% ahead of board meet to consider buyback

Shares of HCL Technologies added one.5 % within the gaptrade on Th as board to contemplate redemption of shares.

A meeting of the board of administrators of the corporate is regular to be stayed Gregorian calendar month twelve, 2018, to contemplate a proposal for redemption of equity shares.

At 09:16 hrs HCL Technologies was quoting at Rs one,009, up Rs 13.95, or 1.40 % on the animal disease.

The share touched its 52-week high Rs one,106.60 and 52-week low Rs 825.10 on twenty three April, 2018 and 04 Dec, 2017, severally.

Currently, it's commerceeight.82 % below its 52-week high and twenty two.29 % on top of its 52-week low.

According to HDFC Securities the corporate is probably going to report lucre at Rs. 2,371 large integer up six.5% quarter-on-quarter (up nine.2% year-on-year) within the quarter all over June 2018.

Net Sales square measureexpected to extend by seven.7 % Q-o-Q (up sixteen.8 % Y-o-Y) to Rs. 14,190 crore, in step withHDFC Securities.

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