The share price of this large-cap IT firm gained by 1.2 percent to an Intraday high of Rs 1,478.50 per share on Monday after foreign institutional investors ( FII’s) and domestic institutional investors ( DII’s) bought and sold stakes in the company.
With a market capitalization of Rs 3,98,569.56 crores, the shares of HCL Technologies Ltd rose by 1.2 percent and closed at Rs 1,468.75 a piece on Monday’s market hours. Also, today’s high price of the stock is Rs 1,478.5 a piece and the previous closing price of the stock is Rs 1,459.6 a piece.
According to NSE block deals on June 28, 2024, the FII, Fidelity Advisor Series VIII – Fidelity Advisor International Capital Appreciation Fund sold 59,51,855 equity shares of HCL at Rs 1,440.50 per share. Additionally, Goldman Sachs acquired 2,89,696 equity shares of HCL at the same price. Morgan Stanley Asia Singapore PTE also purchased 10,31,316 shares at Rs 1,440.50 each in HCL.
On the same date, according to the block deal data, DIIs such as ICICI Prudential Mutual Fund and Kotak Mahindra Mutual Fund purchased 69,52,695 and 5,15,633 units of equity shares in HCL respectively, at Rs 1,440.50 per share.
Financials: Reviewing the financials of HCL tech from a year-on-year basis, the revenues rose by 8 percent from Rs 1,01,456 crores in FY23 to Rs 1,09,913 crores in FY24. In the same time frame, the net profits increased from Rs 14,845 crores to Rs 15,710 crores demonstrating a 5.8 percent increase.
Ratios: In terms of return ratios for the year 2024, it has reported a return on equity (ROE) of 23.00 percent and a return on capital employed (ROCE ) of 27.92 percent. It has also reported a gross profit margin of 23.37 for the same time frame.
Share price movement: The shares of this company generated an overall return of 24.15 percent over the past year and 11.61 percent over the past one month.
shareholding pattern: As of March 2024, the firm’s shareholding pattern stood at 60.81 percent for promoters, 4.55 percent for the public, 19.65 percent for foreign institutional investors, and 14.99 percent for domestic institutional investors.
About the company: Headquartered in Noida, HCLTech is an Indian multinational information technology consulting company founded by Shiv Nadar. It was spun out from HCL in the year 1991 when HCL entered into the software services business.The company provides services in engineering , cloud computing, AI and software development.
Written By Zahal
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