Penny stock which is a sister company of the Multinational Information Technology Company, HCL Technologies Limited, is in green after it won an arbitration award for Rs. 30 Crores.
At 9:30 a.m. the shares of HCL Infosystems were trading at Rs. 17.70, up 1.43 percent from its previous day’s close price of Rs. 17.55 and its market capitalization is Rs. 568 Crores.
As per the company’s filings on BSE, HCL Infosystems Limited, has received a favorable award in relation to the proceedings that were going on, from the Arbitral Tribunal against the respondent company for Rs. 30 Crores.
It has delivered a return of 32 percent in the last six months and 13 percent in the last month.
It reported revenue from operations of Rs. 6.93 Crore in Q2FY23 and Rs. 5.99 Crore in Q2FY24, Accompanied by a loss of Rs. 10.09 Crore to a profit of Rs. 4.84 Crore.
In FY23 it has reported a return on equity (ROE) of 0.00, it has nill ROE as it has turned profitable in the recent quarter, is reducing its losses and a return on capital employed (ROCE) of 20.11 percent, as it has negative reserves which is not a good thing.
HCL Infosystems is an information technology integration and solutions company, it is engaged in providing value-added distribution of technology, mobility, and consumer electric products.
Written by: Bharath K.S
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