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Thursday, 17 April 2014
Stock Trend Analysis and Trading Strategy
Shares in India's HCL Technologies gained 2.73 percent at pre-open trade after the company reported a better-than-expected net profit for January-March quarter on the back of increasing demand for outsourcing services.
The Indian IT services exporter beat market expectations with a 59 percent rise in consolidated net profit in the January-March quarter to 16.24 billion rupees ($269.07 million) from 10.2 billion rupees in the same period a year earlier.