HCL Tech shares surge 4% on Q1 profit beat. Time to hold or buy?

Shares of HCL Technologies on Monday rose 4% to the day’s high of Rs 1,627 on BSE after the company posted 20% year-on-year (YoY) growth in its consolidated net profit to Rs 4,257 crore for the quarter ended June 2024.

The profit for the same period last year stood at Rs 3,534 crore. The revenue from operations increased 7% YoY to Rs 28,057 crore.