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HCL Infosystems reboots on new order win

Capital Market / 10:51 , Dec 30, 2009

HCL Infosystems gained 2.94% to Rs 153.95 at 10:50 IST on BSE, after the company secured a contract worth Rs 110 crore.

The company announced the new order win after market hours on Tuesday, 29 December 2009.

Meanwhile, the BSE Sensex was down 1.12 points, or 0.01%, to 17,400.44.

On BSE, 1.15 lakh shares were traded in the counter as against an average daily volume of 1.43 lakh shares in the past one quarter.

The stock hit a high of Rs 170 and a low of Rs 152.65 so far during the day. The stock had hit a 52-week high of Rs 188.80 on 22 October 2009 and a 52-week low of Rs 66 on 6 March 2009.

The mid-cap stock had underperformed the market over the past one month till 29 December 2009, rising 1.39% as compared to the Sensex's 4.63% rise. It had also underperformed the market in the past one quarter, falling 3.36% as compared to the Sensex's return of 3.26%.

The company's equity capital is Rs 43.63 crore. Face value per share is Rs 2.

The current price of Rs 153.95 discounts the company's Q1 September 2009 annualized EPS of Rs 15.34, by a PE multiple of 10.04.

HCL Infosystems won the latest order from the Gujarat state government for supply of computer hardware with biometric finger print scanner and UPS to over 7,000 schools across the state. HCL would implement the biometric based attendance system, offer facility management and run teacher-training programs to supply and implement robust education software at schools, it said in a filing with BSE.

HCL Infosystems' net profit fell 3.98% to Rs 65.65 crore on 3.75% decline in net sales to Rs 2983.35 crore in Q1 September 2009 over Q4 June 2009.

The company operates in three segments, computer products and related services, telecom products, office automation and services and Internet and related services.

 



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