HCLTech up 7% post Q4 results; Stock sees best day since 2019; Key details

Shares of HCL Technologies rallied over 7 per cent on Monday after its bottom line for the fourth quarter of the previous financial year met the street’s expectations, while the revenue growth for the year came in line with guidance.

HCLTech’s stock rose as much as 7.4 per cent during the day to ₹1,590 per share, the biggest intraday gain since September 14, 2019, according to Bloomberg data. The stock trimmed gains to trade 6.6 per cent higher at ₹1,577 apiece, compared to a 0.39 per cent advance in Nifty50 as of 10:05 AM.