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Ali On Content / 17 Aug 2009
HCL Technologies has recently got positive credit ratings for its issue of non-convertible debentures stating the strong business risk profile of the company.
HCL Technologies
BSE Code: 532281
Volume: 306658
CMP: 262.25
HCL Technologies has recently got positive credit ratings for its issue of non-convertible debentures stating the strong business risk profile of the company. In the recent past the company has been aggressive in expanding its business by both organic and inorganic means. As per a fund manager, the IT sector that yielded positive surprises in Q1FY10 is expected to perform well in the upcoming quarters of FY10. According to a derivative analyst, the counter seems good in the short-term perspective as there has been a significant increase in the open interest and volumes in the counter in the F&O space. And in the last few trading weeks, the counter has witnessed a decent increase in its volumes as well as price in both, the derivatives and cash markets. Also, there are a few developments that are expected to drive the price of the scrip upwards. Thus one can buy the scrip with a short-term perspective to make a smart buck
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