HCL Tech hits 52-week high on FY18 guidance

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Shares of HCL Technologies rallied nearly 4 per cent, hitting a 52-week high, on the Bombay Stock Exchange after the IT major maintained FY18 revenue guidance between 10.5-12.5 per cent in constant currency terms. The company has reported a 7.6 per cent year-on-year growth in its net profit at Rs 2,210 crore for the quarter ended June 30, 2017, helped my business grew from customers across geographies.

Driven by robust Q1, shares of the company gained as much as 3.85 per cent to hit a 52-week high of Rs 926.00 apiece on the Bombay Stock Exchange. The stocks were currently trading at Rs 901.20 against the previous close price of Rs 891.45. In a similar fashion, shares of the firm were trading 0.97 per cent higher at Rs 901.40 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 32,502.05, up 119.59 points, or 0.37 per cent, at 12:55 hours.

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