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HCl Tech. Plunges 3%; BSE IT Index Down 2.8%
Wed, 18 Sep 13:9

HCl Tech. Plunges 3%; BSE IT Index Down 2.8%Image source: bluebay2014/www.istockphoto.com

HCl Tech. share price has plunged 3% and is presently trading at Rs 1,760.0.

Meanwhile, the BSE IT index is at 42,719.8 (down 2.8%).

Among the top losers in the BSE IT index today are Oracle Financial Services (down 7.4%) and Mphasis (down 5.4%).

INFIBEAM AVENUES (up 0.3%) is among the top gainers today.

Over the last one year, HCl Tech. has moved up from Rs 1,304.9 to Rs 1,760.0, registering a gain of Rs 455.2 (up 34.9%).

On the other hand, the BSE IT index has moved up from 33,207.2 to 42,719.8, registering a gain of 28.6% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 167.1%), Firstsource Solutions (up 82.5%) and PERSISTENT SYSTEMS (up 76.9%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 83,121.3 (up 0.1%).

The top gainers among the BSE Sensex today are Bajaj Finance (up 3.6%) and Bajaj Finserv (up 2.2%). The most traded stocks in the BSE Sensex are SBI and Tata Steel.

In the meantime, NSE Nifty is at 25,386.7 (down 0.1%). TCS and Tech Mahindra are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,596.8 to 83,121.3, registering a gain of 15,524.4 points (up 23.0%).

HCl Tech. Financial Update...

HCl Tech. net profit grew 20.6% YoY to Rs 42,590 million for the quarter ended June 2024, compared to a profit of Rs 35,310 million a year ago. Net sales rose 6.7% to Rs 280,570 million during the period as against Rs 262,960 million in April-June 2023.

For the year ended March 2024, HCl Tech. reported 5.8% increase in net profit to Rs 157,100 million compared to net profit of Rs 148,450 million during FY23. Revenue of the company grew 8.3% to Rs 1,099,130 million during FY24.

The current Price to earnings ratio of HCl Tech., based on rolling 12 month earnings, stands at 29.1.

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