January 16, 2014 / 4:02 AM / 7 years ago

HCL Tech hits record high as Q2 profit beats estimates

People walk in front of the HCL Technologies Ltd office at Noida, on the outskirts of New Delhi April 17, 2013. REUTERS/Mansi Thapliyal/Files

MUMBAI (Reuters) - Shares in HCL Technologies Ltd(HCLT.NS) rose as much as 3.5 percent to a record high of 1,377 rupees after the company reported December-quarter consolidated net profit rose more than expected.

HCL Technologies said earlier in the day its consolidated net profit for October-December rose by 58.4 percent to 14.96 billion rupees, compared with the average estimate of 14.22 billion rupees by 24 analysts, according to Thomson Reuters I/B/E/S.

Shares in HCL Technologies ended up 4.5 percent.

Reporting by Abhishek Vishnoi; Editing by Rafael Nam

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