Upbeat Infosys Q4 numbers drives TCS, Wipro and HCL Tech stocks higher

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 Upbeat Infosys Q4 numbers drives TCS, Wipro and HCL Tech stocks higher
Tata Consultancy Services: Quotes, News
BSE 2223.90BSE Quote42.55 (1.91%)
NSE 2221.85NSE Quote41.6 (1.87%)
HCL Technologies: Quotes, News
BSE 787.30BSE Quote14.4 (1.83%)
NSE 793.60NSE Quote9.5 (1.20%)
Better than expected Q4 results from IT major Infosys drove the stock prices of TCS, Wipro and HCL Tech higher.

The Infosys stock was up 3 per cent, while TCS rallied almost 2 per cent and Wipro and HCL Tech gained one per cent each. The gains were despite weak market sentiments with the Sensex trading lower.

Infosys reported numbers that were marginally better than estimates on several counts with consolidated net profit after tax for the quarter ending March 2014 coming in at Rs 2992 crores, as against Rs 2835 crores (quarter on quarter).

Rupee consolidated revenues for Q4 2014 has come in slightly below estimates at Rs 12,875 crores. The company has given a dollar revenue guidance of 7-9 per cent for 2015. The board of directors have recommended a dividend of Rs 43 per share.


Read more about: infosys, q4, tcs, wipro, hcl tech
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