Trending stocks: HCL Tech shares gain 3% as profit beats estimates

NEW DELHI: Shares of HCL Technologies traded 2.95 per cent up in Thursday 's trade at 09:32AM (IST). Around 133408 shares changed hands on the counter.

The IT firm on Thursday reported a 22.8 per cent year-on-year (YoY) rise in net profit at Rs 3,154 crore compared with Rs 2,568 crore in the same quarter last year.

The counter opened at Rs 539.0 and touched an intraday high and low of Rs 542.4 and Rs 524.05 , respectively, in the session so far. Shares of the company quoted a 52-week high of Rs 624.0 and a 52-week low of Rs 375.5 .


Market cap of the company stood at Rs 141178.43 crore on May 07.


Key Financials
The company reported consolidated net sales of Rs 18135.0 crore for the quarter ended 31-Dec-2019 , up 3.47 per cent from previous quarter's Rs 17527.0 crore and up 15.52 per cent from the year-ago quarter's Rs 15699.0 crore.

The net profit after tax for the latest quarter stood at Rs 2944.0 crore, up 13.01 per cent from the corresponding quarter last year .

Shareholding pattern
As of 31-Mar-2020 , DIIs held 1.64 per cent stake in the company , while foreign institutional investors held 26.42 per cent and the promoters 43.87 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 13.55 and a price-to-book ratio of 1.7 . A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

HCL Technologies Ltd. belongs to the IT Consulting & Software - Large Cap industry.