HCL Infosystems up 9 per cent post Q2 results

The company’s consolidated Q2 new loss was narrowed to Rs. 33 crore from a net loss of Rs. 455.6 crore accrued in Q2FY18. The revenue of the company has gone up by 43 per cent and came in at Rs 1,084.3 crore versus Rs 754.7 crore. 

HCL Infosystems is a distribution, IT services, and solutions company, enabling organizations to attain and sustain competitive advantage by leveraging information and communication technologies. It offers a portfolio of capabilities spanning IT & system integration services to value-added distribution of technology, mobility and consumer products.
 
On Thursday, the shares of the company opened at a slightly lower level at Rs. 24.20 per share against Wednesday’s close of Rs. 24.55 on the BSE. At 14:41 hours, the share was trading at Rs. 25.80, up by 5.09 per cent. The intraday high was Rs. 26.85 and intraday low was Rs. 23.70 per share on the BSE. Its 52-week high was Rs. 69.55 and 52-week low was Rs. 21.15 per share on the BSE. Meanwhile, BSE Sensex was at 33,774.98 level, down 0.76 per cent.