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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.
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.
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