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HCL Technologies Ltd Drops For Fifth Straight Session

The stock is quoting at Rs 988.45, down 2.04% on the day as on 13:19 IST on the NSE. HCL Technologies Ltd jumped 6.69% in last one year as compared to a 3.07% rally in NIFTY and a 33.41% spurt in the Nifty IT index.

HCL Technologies Ltd fell for a fifth straight session today. The stock is quoting at 988.45, down 2.04% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 2.39% on the day, quoting at 10479.15. The Sensex is at 34790.35, up 2.32%.HCL Technologies Ltd has eased around 7.68% in last one month.Meanwhile, Nifty IT index of which HCL Technologies Ltd is a constituent, has eased around 9.32% in last one month and is currently quoting at 14683, down 0.74% on the day. The volume in the stock stood at 14.52 lakh shares today, compared to the daily average of 21.65 lakh shares in last one month.

The benchmark October futures contract for the stock is quoting at Rs 992.9, down 1.97% on the day. HCL Technologies Ltd jumped 6.69% in last one year as compared to a 3.07% rally in NIFTY and a 33.41% spurt in the Nifty IT index.

The PE of the stock is 18.51 based on TTM earnings ending June 18. – Business Standard

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