October 6, 2016

HCL Info up 12% to @ Rs 51 with super volumes - Will BSE & NSE ask Why again?

HCL Infosystems Ltd up 12% to @ Rs 51 with super volumes ~ Will BSE & NSE ask Why again?

Just under a fortnight ago on September 22,2016 HCL Info opened at @ Rs 42 & surged to Rs 48 before settling at Rs 47 on huge above average volumes with BSE clocking over 42 lakh shares and NSE  trading near 1.63 cr shares

BSE & NSE had asked the Company to Clarify on whether there was any reason for this surge in Volumes & Share Price

Interestingly the Company replied instantly that “The increase in volume seems speculative in nature”  

The Delivery % was just under 20.

The Share Price then slid last week back to Rs under 43

Today  BSE  & NSE clocked even more super volumes exceeding 45+ lakh & 1.84+ cr  shares respectively with Share Price shooting up 12% to close just under Rs 51

What’s Happening? Will the Exchanges in 13 days yet again ask the Company for clarification for today’s surge too & will the company reply the same that it’s seems to be speculative & will thus the share price slide back ?

Read more at http://www.gauravblog.com/hcl-info-up-12-to-rs-51-with-super-volumeswill-bse-nse-ask-why-again

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