HCL Technologies, a prominent IT services company, saw its shares surge nearly 5 percent on Monday morning following the announcement of robust financial results for the June-ended quarter. The company reported a consolidated net profit of Rs 4,257 crore, marking a significant increase of 20.4 percent compared to the same period last year.

Investor confidence was further bolstered by HCL Tech’s revenue growth guidance of 3-5 percent for FY25, indicating optimism about future performance amidst a challenging economic landscape.

On the Bombay Stock Exchange (BSE), HCL Tech’s stock rallied 4.83 percent to Rs 1,635.85. Similarly, on the National Stock Exchange (NSE), the shares jumped 4.88 percent to Rs 1,636.40 apiece.

The strong performance in earnings reflects HCL Technologies’ resilience and ability to navigate through global uncertainties, reaffirming its position as a key player in the IT services sector. Investors responded positively to the company’s robust financial outlook and growth trajectory, driving up stock prices significantly.