HCL Tech Hits 52-Week High As Volumes Spurt

IT stocks are on a roll in Dalal Street, mainly led by gains of heavyweights like TCS, Infosys and HCL Tech. These stocks jointly contributed to the BSE IT gains and pushed it up by 2.6% at 1225 hours.

HCL Tech was up by 4.1% and was trading at 894 per share and touched its 52-week high of Rs 908.40 per share on the BSE. The stock witnessed a huge spurt in volume by more than 2.73 times.

The stock has delivered 24% returns in a period one year and has outperformed the BSE Sensex and BSE IT indices over the same time period.

HCL Technologies Limited is engaged in providing a range of software development services, business process outsourcing services and information technology (IT) infrastructure services.

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