NEW DELHI: Shares of HCL Infosystems fell as much as 11.5 per cent to intraday low of Rs 43.85 in trades after the company reported that its loss for the quarter ended December 2014 widened to Rs 50.8 crore compared to Rs 45.3 crore during the previous quarter.
NEW DELHI: Shares of HCL Infosystems fell as much as 11.5 per cent to intraday low of Rs 43.85 in trades after the company reported that its loss for the quarter ended December 2014 widened to Rs 50.8 crore compared to Rs 45.3 crore during the previous quarter.
On a sequential basis, the net sales of the company fell 13.7 per cent to Rs 1,450.5 crore versus Rs 1,682.7 crore.
The result failed to meet the expectations of market analysts.
ADVERTISEMENT
The stock opened at Rs 49.75 and touched a low of Rs 43.85 on the BSE. It closed at Rs 44.35 on the BSE.
Sign Up with Google
Add us to your Preferences
Set as your preferred source on Google
ADVERTISEMENT
RECOMMENDED FOR YOU
POPULAR
1
Netweb Technologies Gets 'Buy' Rating As ICICI Securities Initiates Coverage
2
Social Media Screening For Visas: What Is Trump Administration Is Looking For In Applicants' Handles
3
Govt To Bring Bill Replacing MGNREGA With New Law Guaranteeing 125 Days Of Wage Employment
4
Stock Market Live: Nifty Above 26,000, Sensex Down Over 200 Points; HDFC Bank, M&M, Bharti Airtel Drag
5