HCL Tech shares on Monday, January 13 closed with major losses. The results were only published later on in the day, after the trading hours.
IT major HCL Tech had a disastrous start in the stock market on Tuesday, with its shares crashing by over 9 per cent in the first hour of the day's trade. The steep fall came after the company reported a 5.54 per cent rise in consolidated net profit for the December quarter on Monday.
The Gurugram-based company reported a net profit of Rs 4,591 crore for the quarter ended December 2024, compared to Rs 4,350 crore in the year-ago period.
Consolidated revenue from operations for the quarter stood at Rs 29,890 crore, registering a 5.07 per cent increase from Rs 28,446 crore in Q3 FY24.
HCL Tech shares closed with major losses on Monday, ahead of the announcement of its Q3 results.
On January 13, HCL Tech shares closed at Rs 1,975.00 per piece, after a decline of Rs 20.10 or 1.01 per cent in its overall value.
However, on Tuesday, HCL shares opened with gargantuan losses of over 6 per cent, which worsened as minutes passed.
At the time of writing, HCL shares tanked by 9.17 per cent or Rs 182.40 per share, taking the overall price of the company shares below the coveted Rs 2,000 mark.
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