HCL Infosystems scrip down nearly 4 pc as Q2 loss widens

Shares of IT firm HCL Infosystems

today went down by nearly 4 per cent after the company said

its consolidated loss widened to Rs 454.42 crore in the second

quarter ended September 30.

The scrip settled 3.60 per cent lower at Rs 46.85 on BSE.

Intra-day, it lost 4.32 per cent to Rs 46.50.

On NSE, shares of the company declined by 3.39 per cent

to end at Rs 46.95.

In terms of volume, 5.04 lakh shares of the company were

traded on BSE and over 22 lakh shares changed hands on NSE

during the day.

HCL Infosystems yesterday said its consolidated loss

widened to Rs 454.42 crore in the second quarter ended

September 30, on account of impairment of goodwill for its

services business.

The company had posted loss of Rs 38.97 crore in the same

period a year ago.

The total income of HCL Infosystems declined by 12.17 per

cent during the reported quarter to Rs 910.8 crore from Rs

1,037.03 crore in corresponding quarter of previous fiscal.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)