HCL Technologies declined 4.51% to Rs 215 at 9:55 IST on BSE even as the company said on Monday, 14 July 2008, its subsidiary HCL Comnet has secured a multi-year contract worth Rs 60 crore from Union Bank of India for managing its network services.
The company made this announcement after trading hours yesterday, 14 July 2008.
HCL Technologies stock had declined 5.81% to Rs 225.15 Yesterday, after the company said after trading hours on Friday, 11 July 2008 it might incur forex losses between $65-75 million in Q4 June 2008, owing to a sharp fall in rupee against the dollar.
The stock hit a high of Rs 220 and a low of Rs 200 so far during the day. The stock had a 52-week high of Rs 341.95 on 18 July 2007 and a 52-week low of Rs 180 on 22 January 2008.
The company has an equity capital of Rs 133.27 crore. Face value per share is Rs 2.
The current price of Rs 215 discounts its Q3 March 2008 annualised EPS of Rs 15.82, by a PE multiple of 13.59.
On 11 July 2008, the company secured a three year contract from US based Bergstrom Inc for providing engineering services to its heating, ventilation and air conditioning products.
On 9 July 2008, HCL Technologies formed an alliance with US based Echelon Corporation to bring Echelon’s advanced networked energy services metering systems to India.
HCL Technologies’ net profit fell 1.45% to Rs 263.08 crore on 12.96% increase in net sales to Rs 1275.58 crore in Q3 March 2008 over Q2 December 2007.
HCL Technologies is a global technology and software services company offering software services, business process outsourcing services and infrastructure management services.
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