NSE Symbol: HCLTECH | BSE Code: 532281
HCL Technologies Limited is an MNC that offers IT services, and it has the corporate office in Noida, UP. Some of the services provided by HCL Technologies include remote infrastructure management, enterprise transformation, etc. HCL tech has its offices spread across 34 countries including Germany, France, the United States of America, etc.
In the year 1976, six engineers led by Shiv Nadar established an organization that would manufacture PCs or Personal Computers. In 1991, an organization named HCL Overseas Limited was incorporated as the tech development service provider. In 1994, the company's name was changed to HCL Consulting Limited. In the year 1999, the organization was finally named HCL Technologies Limited.
Shiv Nadar â€“ Mr. Nadar is the Chairman and Founder of HCL Technologies.
Roshni Nadar Malhotra â€“ Roshni Nadar Malhotra is the CEO and Director of HCL Corporation. She is responsible for the strategic decisions concerning the organization's overall direction. She is also a trustee of the Shiv Nadar Foundation.
The Open Price on 1 January 2018 stood at Rs.885.25 at BSE and 889 at NSE. The High Price rose at Rs.890.70 and Rs.890.50 at NSE and BSE, respectively. The Low Price was Rs.879.35 (BSE) and Rs.875.95 (NSE). The Close Price at NSE was Rs.878.70, and the Close Price at BSE was Rs.881. By the end of the month, the Open Price for HCL Technologies stocks showed an upward trend. It stood at Rs.1,000.30 at BSE and Rs.999.95 at NSE. The High Price was Rs.1,017.90 and Rs.1,014.70 at NSE and BSE, respectively. The Close Price stood at Rs.985.65 (BSE) and Rs.986.55 (NSE). The Low Price at both BSE and NSE crossed Rs.980.
On 1 February 2018, the Open Price stood at Rs.985 and Rs.982.10 at BSE and NSE, respectively. The High Price stood at Rs.1,031 and Rs.1,014.95 at BSE and NSE, respectively. The Low Price at NSE was Rs.969, and the Low Price at BSE was Rs.972.95. The Close Price stood at Rs.985.65 (BSE) and Rs.984.90 (NSE). By the end of the month, the Open Price went down slightly, and it rose at Rs.946.10 at BSE and Rs.954.90 at NSE. The High Price was recorded at Rs.958.35 and Rs.957.40 at NSE and BSE, respectively. The Low Price was Rs.937 at BSE and Rs.935 at NSE. The Close Price stood at Rs.940.30 at both BSE and NSE.
The total sales turnover at the end of FY 2016-2017 was Rs.19,318.21 crore. The total income crossed the Rs.20,000 crore mark. At the end of June 2017, the net sales turnover for HCL for the quarter stood at Rs.5,179 crore. The other income went up to a Rs.199 crore. The total revenue was more than Rs.5,300 crore. The employee expenses were more than Rs.1,700 crore during that quarter. The total costs came up to a total of Rs.3,067 crore.
At the end of September 2017, the net sales turnover stood at Rs.5,460 crore. The other income went up to a Rs.162 crore. The total revenue of HCL Technologies stood at Rs.5,622 crore. The employee expenses went up to more than Rs.1,800 crore. Other expenses were recorded at Rs.1,275 crore. The total cost for this quarter stood at Rs.3,161 crore. The net sales turnover stood at Rs.5,723 crore. The other income went up to a Rs.143 crore. The total revenue of HCL was more than Rs.5,800 crore. The employee expenses came up to a total of Rs.1,878 crore, and other cost went up to Rs.1,305 crore. The total expenses of HCL Technologies stood at Rs.3,182 crore.
HCL Technologies is one of the leading multinational companies in India that offers IT services. HCL Technologies did well after the recession in 2008. In the next five years, the stocks extended 300% gains. The growth is not as high as that period now. However, it can inevitably rise in the future. Ensure that you perform substantial research before you invest in any stock.
A lot of research and knowledge is required in stock market investments, and generally, they don't offer any tax benefits. Hence at mymoneykarma, we merely motivate our readers to invest in mutual funds. Investing in mutual funds doesn't require a lot of knowledge, and equity-linked mutual fund schemes also provide tax benefits. In addition to it, since mutual funds contain stocks from multiple companies, they help in building a diversified portfolio.
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