HCL Info tanks big time
By
Research Desk
about 9 years ago
HCL Infosystems has tanked big time today morning. Though it opened marginally higher, it fell to Rs.43.85 and continues to remain down in the red at Rs.45 levels, a drop of around 9% over previous close.
The market has expected the company to turnaround in Q2CY15 (year ending 31st Dec) as its consolidated loss in Q1 had come down to Rs.45 crore v/s Rs.72 in previous Q1. But nothing of that sort happened and the company ended the current Q2 with a higher consolidated loss of Rs.51 crore. YoY, the loss is slightly lower from Rs.44 crore. Its total income fell from Rs.1937 crore to Rs.1450 crore (YoY) and Rs.1683 crore (QoQ).