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HCL Tech

HCL Technologies Ltd has informed BSE that the Employees Stock Option Allotment Committee of the Company has on December 21, 2009 allotted 3,96,156 Equity Shares of Rs. 2/- each, under the 1999, 2000 and 2004 Stock Option Plans of the Company. Consequent to the said allotment the paid-up share capital of the Company has gone [...]

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Despite extreme volatility in the broader market, the stock has managed to hold on the support of its short-term moving averages. On Wednesday, the stock closed above stiff resistance zone around Rs350-354. Moreover, volumes have also picked up substantially as the stock breached the crucial resistance levels. The MACD and RSI (momentum indicators) are above [...]

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