HCL Infosystems will hold a meeting of the Board of Directors of the Company on 30 May 2019.

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HCL Infosystems Ltd lost 1.22% today to trade at Rs 16.2. The S&P BSE IT Sector index is down 0.54% to quote at 15120.79. The index is up 3.07 % over last one month. Among the other constituents of the index, Infosys Ltd decreased 1.04% and Mindtree Ltd lost 0.85% on the day. The S&P BSE IT Sector index went up 25.63 % over last one year compared to the 5.4% surge in benchmark SENSEX.

HCL Infosystems Ltd has lost 32.5% over last one month compared to 3.07% gain in S&P BSE IT Sector index and 2.17% drop in the SENSEX. On the BSE, 2761 shares were traded in the counter so far compared with average daily volumes of 89762 shares in the past one month. The stock hit a record high of Rs 67.6 on 16 Feb 2018. The stock hit a 52-week low of Rs 15.9 on 11 Feb 2019.

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Net Loss of HCL Infosystems reported to Rs 29.71 crore in the quarter ended December 2018 as against net loss of Rs 62.06 crore during the previous quarter ended December 2017. Sales declined 6.19% to Rs 1116.76 crore in the quarter ended December 2018 as against Rs 1190.50 crore during the previous quarter ended December 2017.

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HCL Infosystems announced that with regard to sale of the entire ownership and control held by Nurture Technologies FZE (formerly known as HCL Infosystems MEA FZE) in its direct subsidiaries namely Gibraltar Technologies LLC (Dubai) and Gibraltar Technologies LLC (Abu Dhabi) including in its step-down subsidiary namely Gibraltar Technologies WLL (Qatar), the shares have been transferred in the name of the Buyer (consortium of individuals) and the abovementioned transaction has been closed on 27 November 2018.

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