Shares of Shoppers Stop climbed as much as 10.8% on Wednesday to Rs 688 on the BSE after the department store chain posted a nearly 41% year-on-year (YoY) rise in quarterly profit, after two straight quarters of loss, driven by strong demand for premium products such as watches and perfumes during the festive season.
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BSE share price jumped over 5% on Wednesday, extending its rally for the third consecutive session after analysts remained bullish on the stock and predicted more upside. BSE shares spiked as much as 5.14% to ₹5,729.00 apiece on the NSE.BSE stock price has rallied 20% in three months and has delivered multibagger returns of more than 150% in one year.
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Sharekhan's research report on HCL Technologies: HCL Tech reported revenue of $3,533 million, up 3.8% q-o-q/4.1 % y-o-y in CC terms, missing our estimate of $3,561 million. EBIT margin expanded by ~90 bps q-o-q to 19.5%, beating estimates of 19.3%. New deal wins TCVs stood at $2,095 million, down 6% q-o-q/up 9% y-o-y.
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