HCL 40 TO 45 IN ONE WEEK

Shares of IT hardware company HCL Infosystems today rallied over 23 per cent amid reports that computer maker Lenovo is in talks to buy out promoter stake in the company. Marketmen said that buoyed by the reports, shares of the company opened about 2 per cent higher and zoomed 23%
to Rs. 44.75 on the BSE.

At the NSE, the stock shot-up by 23.65 per cent to Rs. 44.70.

On the volume front, 9.09 lakh shares of the company were traded on the BSE, while more than 27 lakh shares changed hands on the NSE.

As per reports, Lenovo is in talks to buy out promoter stake in HCL Infosystems for around Rs. 500 crore.

As of the April-June quarter, the company has promoter shareholding of 50.77 per cent. HCL Corporation is the single largest promoter with 42.85 per cent stake.

I ALREADY RECOMMENDED TO BUY HCL INFOSYSTEM AT 40 LEVELS....SO ENJOY RISE