HCL Tech, Wipro shares surge on earnings optimism
Jan 17 2013 , Mumbai
HCL Technologies Ltd shares were up 6.4 percent as of 0446 GMT after earlier hitting its highest intraday level since February 2000. India's fourth-largest software services provider on Thursday beat estimates with a 68.4 percent jump in quarterly profit.
Wipro Ltd, which is due to report earnings on Friday, was up 3.4 percent. Earlier in the day, UBS upgraded Wipro to "buy" from "sell", saying revenue momentum will start picking up from the October-December quarter.