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HCL Technologies soars over 2%; declares interim dividend

IT consulting and software player, HCL Technologies on Thursday has declared interim dividend of Rs 2 per share of face value of Rs 2 for FY 2017-18.

The record date of August 4, 2017 has been fixed for the payment of the interim dividend. The payment date for the interim dividend is on August 11, 2017.

Meanwhile the stock gained 2.27% at Rs 911.70 per share on BSE. The stock on NSE attracted a traded volume of 3,58,186 shares and a traded value of Rs 3,248.25 lakh.

The company has a return on equity of 30.21% for 3 years. The company has been maintaining a dividend payout of 27.41%.

HCL Technologies Limited is engaged in providing a range of software development services, business process outsourcing services and information technology (IT) infrastructure services. The Company’s segments include software services, infrastructure management services and business process outsourcing services.

Stock view :

HCL Technologies Ltd is currently trading at Rs 919, up by Rs 27.55 or 3.09% from its previous closing of Rs 891.45 on the BSE.

The scrip opened at Rs 908 and has touched a high and low of Rs 926 and Rs 902 respectively. So far 1404903(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 127208.84 crore.

The BSE group ‘A’ stock of face value Rs 2 has touched a 52 week high of Rs 910 on 24-Jul-2017 and a 52 week low of Rs 731.05 on 15-Nov-2016. Last one week high and low of the scrip stood at Rs 910 and Rs 881.95 respectively.

The promoters holding in the company stood at 59.88 % while Institutions and Non-Institutions held 36.11 % and 4.02 % respectively.