Buy Hcl Tech Fut of August At CMP and TGT is 430
and welcome the Festive season .
T services giant HCL Technologies Ltd (HCLTECH.NS : 378.05 +5.5 HCL Technologies had a net profit of Rs 192.94 crore in the same period previous year, the company said in a filing to the Bombay Stock Exchange (^BSESN : 17992 +34.63 The IT major's total income rose to Rs 1,330.61 crore in standalone, from Rs 1,145.54 crore in the same period last year. For the year ended June 30, the company reported a decline of 4.58 per cent in its consolidated net profit at Rs 1,259.19 crore. It had a net profit of Rs 1,319.63 crore in the same period a year-ago. The total income of the IT firm increased to Rs 12,136.29 crore for the year ended June 30, as against Rs 10,229.41 crore in the same period year earlier, the filing added. The board of directors of the company has recommended a final dividend of Rs 1 per equity share on the face value of Rs 2 each to the shareholders. Shares of HCL Technologies surged 6.2 per cent to touch a month high of Rs 396 on the BSE in the early trade.
) today posted a growth of 23.26 per cent in its standalone net profit at Rs 237.82 crore, for the quarter ended June 30.).
India's food inflation eased and fuel inflation notched up in mid-July, but the data is unlikely to change the RBI's decisive move towards stamping down on double-digit inflation. The Reserve Bank of India (RBI) had on Tuesday raised interest rates more forcefully than expected and said the balance of its policy stance had shifted to containing double-digit inflation and anchoring inflationary expectations. With the RBI lifting its headline inflation projections for the year to end-March to 6 per cent, economists now expect a more aggressive tightening than earlier foreseen. Data released on Thursday showed the food price index rose an annual 9.67 per cent in the week to July 17, compared with the previous week's increase of 12.47 per cent, with prices of cereals, rice and vegetables falling on the week. The fuel price index rose 14.29 per cent in the period, as against a 14.27 per cent in the previous week. The government raised prices of fuels in late June. The primary articles index rose 14.50 per cent compared with the week-ago reading of 16.48 per cent. Wholesale price inflation, the most widely watched measure of prices, was at 10.55 per cent in June, holding in double digits for the fifth straight month. The country's chief statistician said on Monday, it could be around 11 per cent in July. Various government arms have different inflation forecasts, ranging from Prime Minister Manmohan Singh's prediction of 6 per cent by December to the 7 per cent to 8 per cent projected for the period by his economic advisers. They also differ on their reading of the causes of inflation. The government blames high food prices and says a good monsoon will cool prices, while the RBI says demand-side effects would keep inflationary pressures intact. High prices are a political headache in a country where hundreds of millions live on less than $1.25 a day. Massive street protests have been mirrored in parliament, where the opposition parties have stalled proceedings demanding a vote against the Congress-led government for failing to control inflation.
Subscribe to:
Posts (Atom)
