HomeMarketsMarket InsightHCL Tech stock up 1.3% post Q4 earnings

HCL Tech stock up 1.3% post Q4 earnings

HCL Tech shares are trading higher on Friday, a day after the company reported a 10.85% increase in its fourth-quarter net income. The company’s stock rose 1.3% to Rs. 1051.50 during morning trading on the BSE.

Friday’s opening price for a share of company stock was Rs. 1066.50. Notably, the tech colossus outperformed its competitors during the March-ending quarter. In the March quarter of FY22, HCL Technologies’ net income increased by 10.85 percent year-over-year, from Rs. 3,593 crore to Rs. 3,983 crore.

The company’s quarterly profit after taxes (PAT) decreased by 2.8% from Rs. 4,096 crore in Q3 FY23. The company’s stock reached a 52-week peak of Rs. 1,156.80 per share on February 3, 2023. The company’s stock price has increased by 1.52 percent year-to-date. However, its stock price has declined 4.06 percent over the past year.

Aryan Jakhar
Aryan Jakhar
Aryan Jakhar is an Indian Journalist with over two years of active working experience. Aryan is currently working as editor-in-chief at BusinessHeadline.in and he is reachable on contact@businessheadline.in
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