HCL Technologies Q3 Net profit marginally up at Rs 2,075 cr.

India’s fourth largest software major,  HCL Technologies Limited, has posted a Marginal increase of 0.59% in its consolidated net profit at Rs 2075 cr for the Q3 (quarter ended Dec 2017) with regard to the net profit of Rs 2,063 crore for the corresponding  quarter a year-ago.

Total Income for the quarter under review jumped by 8.40% to Rs 13,079 cr, during the quarter from Rs 12065 cr, in the year-ago period, HCL said in a filing with BSE.

The company has declared an interim dividend of Rs 2.00 per share for the FY 2017-18. The record date of Jan 30, 2018 fixed for the payment of the interim dividend and the payment date of interim dividend will be Feb 5.

Shares of HCL Technologies Limited were trading marginally up by 0.07 percent at Rs. 954.90 on NSE post lunch hours, while in BSE too the same was trading up at Rs. 956.75 up by 0.20 percent.

L&T Technology Services Wins $50 Million Avionics Contract

L&T Technology Services Limited, an established global pure-play Engg R&D services company, on Thursday announced that the company has won a pointer project worth USD 50 million spanning over 5-years from the global aerospace electronic systems manufacturer.

The project with L&T Technology Services will result in transformation of the customer's operations into a managed services model. The new deal also complements the impetus achieved by the company in the areas of electric vehicles, autonomous cars, infotainment and embedded devices to name a select few.

Shares of L&T Technology Services Ltd today opened at 1026.25 and was trading marginally down at 992 by 0.54% on NSE, post lunch hours, Thursday.

PC Jeweller Share ideas for Tomorrow by Research Head Money Maker

Research Head (MONEY MAKER RESEARCH & INVESTMENT ADVISOR PVT LTD) is having a view that one can go long in PC Jeweller.

“PC JEWELLERS Future is the stock which I would recommend to buy above Rs 378; I would still look at levels of around Rs 388-390 as a trend & put stop loss of below Rs 366.”

According to industry sources, unorganised units and small jewellery makers may join hands with the relatively better-positioned brands through franchises, thereby leading to consolidation and market share gains for the organised entities.

From Jewellery industry PC Jeweller is in focus as Crisil upgrades their long-term rating recently which will add fuel to it.