HCL Technologies stock rises as board announces 2nd interim dividend
DSIJ Intelligence / 17 Jul 2017
HCL Technologies Limited is engaged in providing a range of software development services, business process outsourcing services and information technology (IT) infrastructure services.
As the HCL board is scheduled to meet on July 27, its stock jumped to consider payment of 2nd interim dividend for FY2017-18.
HCL Technologies Limited is engaged in providing a range of software development services, business process outsourcing services and information technology (IT) infrastructure services. The Company's segments include infrastructure management services,software services and business process outsourcing services.
The record date for determining the entitlement of shareholders for the payment of 2nd interim dividend is August 4, 2017, subject to approval by board of directors.
The stock gained 1.1% at Rs 860.50 per share on BSE. On NSE, the stock attracted a traded volume of 3,38,556 shares and Rs 2,905.42 lakh.
The company has been maintaining a return on equity of 31.21% and dividend payout of 27.41%.
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