HCL Tech Q3 profit beat estimates

Highlights

HCL Tech Q3 profit beat estimates. Shares in HCL Technologies Ltd rose as much as 3.5 percent to a record high of 1,377 rupees after the company reported December-quarter consolidated net profit rose more than expected.

Mumbai: Shares in HCL Technologies Ltd rose as much as 3.5 percent to a record high of 1,377 rupees after the company reported December-quarter consolidated net profit rose more than expected.

HCL Technologies said earlier in the day its consolidated net profit for October-December rose by 58.4 percent to 14.96 billion rupees, compared with the average estimate of 14.22 billion rupees by 24 analysts, according to Thomson Reuters.

HCL Technologies was up 2.6 percent at 9.29 a.m., outperforming a 0.2 percent gain in the broader Nifty.

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