HCL Infosystems is currently trading at Rs. 42.30, up by 0.30 points or 0.71% from its previous closing of Rs. 42.00 on the BSE.
The scrip opened at Rs. 43.00 and has touched a high and low of Rs. 44.90 and Rs. 42.15 respectively. So far 84724 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 124.00 on 30-May-2011 and a 52 week low of Rs. 41.50 on 20-Dec-2011.
Last one week high and low of the scrip stood at Rs. 44.95 and Rs. 41.50 respectively. The current market cap of the company is Rs. 936.09 crore.
The promoters holding in the company stood at 50.77% while Institutions and Non-Institutions held 38.19% and 11.04% respectively.
Depreciating rupee has coerced HCL Infosystems to increase prices of desktops, laptops and servers by 10-15% September onwards, however, the company has not increased the price of its tablet PCs which was launched few weeks ago and the pricing has been done, considering the forex rates.
In almost four and a half months, weak economic conditions, inflation, high interest rates, increased capital outflows and trade deficit have weakened the rupee by about 20% against the US dollar.
On December 15, the rupee fell to a historic low of 54.30 per US dollar amid sustained foreign capital outflows and strengthening greenback. Even though the domestic currency has recovered some of its lost ground since then, the decline has been worrisome for the importers.
HCL Infosystems is one of the leading ICT system integrator and distribution company. It has wide range of products and services such as IT products, solutions and related services, which include PCs, servers, imaging, voice and video solutions, networking products, TV and FM broadcasting solutions, communication solutions, system integration, ICT education and training, digital lifestyle solutions and peripherals.
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| Amrapali Industries | 18.01 |
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