HCL Technologies Shares Surge Nearly 5% After Robust Q1 Performance

Shares of IT services company HCL Technologies soared nearly 5% following the announcement of a 20.4% increase in consolidated net profit to Rs 4,257 crore for the June quarter. The company also provided a revenue growth outlook of 3-5% for FY25, driven by strong operational execution and diversification.

Shares of IT services company HCL Technologies soared nearly 5% on Monday morning following the announcement of a 20.4% rise in consolidated net profit to Rs 4,257 crore for the June-ended quarter. The company provided a revenue growth guidance of 3-5% for FY25.

The stock rose 4.83% to Rs 1,635.85 on the BSE and 4.88% to Rs 1,636.40 on the NSE. Market valuation increased by Rs 12,157.22 crore to Rs 4,35,597.52 crore during early trading, making HCLTech the biggest gainer among BSE Sensex and NSE Nifty firms.

The 30-share BSE Sensex climbed 290.46 points to 80,809.80, while the NSE Nifty hit a new peak of 24,598, gaining 95.85 points. CEO and MD C Vijayakumar stated that the Q1 performance was better than expected, and the company remains confident in achieving its annual growth target.