Shares of HCL Technologies added 1.5 percent in the opening trade on Thursday as Board to consider buyback of shares.
A meeting of the board of directors of the company is scheduled to be held on July 12, 2018, to consider a proposal for buyback of equity shares.
At 09:16 hrs HCL Technologies was quoting at Rs 1,009, up Rs 13.95, or 1.40 percent on the BSE.
The share touched its 52-week high Rs 1,106.60 and 52-week low Rs 825.10 on 23 April, 2018 and 04 December, 2017, respectively.
According to Hdfc Securities the company is likely to report net profit at Rs. 2,371 crore up 6.5% quarter-on-quarter (up 9.2% year-on-year) in the quarter ended JUne 2018.
Net Sales are expected to increase by 7.7 percent Q-o-Q (up 16.8 percent Y-o-Y) to Rs. 14,190 crore, according to HDFC Securities.
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