HCL Technologies shares tank over 4% on profit-booking after Q2 earnings

Shares of HCL Technologies on Friday declined over 4 per cent in early trade on the bourses on profit-booking after the company posted 18.5 per cent rise in September quarter net profit.

The stock opened with gains on the BSE, but failed to carry the momentum further and tanked 4.47 per cent to Rs 821 as the trade progressed.

At the NSE, it declined 4.58 per cent to Rs 820.60.

IT firm HCL Technologies on Friday posted 18.5 per cent rise in September quarter net profit at Rs 3,142 crore. The IT major had registered a net profit of Rs 2,651 crore in the July-September 2019 quarter (as per US GAAP), HCL Technologies said in a regulatory filing.