HCL Technologies rises on entering into Strategic Alliance with Tele2

05 Mar 2015

HCL Technologies is currently trading at Rs 2066.00, up by 30.05 points or 1.48% from its previous closing of Rs. 2035.95 on the BSE.

The scrip opened at Rs. 2055.00 and has touched a high and low of Rs. 2075.00 and Rs. 2037.00 respectively. So far 53672 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2057.00 on 20-Feb-2015 and a 52 week low of Rs. 1257.00 on 19-May-2014.

Last one week high and low of the scrip stood at Rs. 2049.35 and Rs. 1970.00 respectively. The current market cap of the company is Rs. 144606.25 crore.

The promoters holding in the company stood at 61.43% while Institutions and Non-Institutions held 32.73% and 5.84% respectively.

HCL Technologies and Tele 2, one of the leading European telecommunications operators, have entered into a strategic partnership to address the substantial market opportunities for Machine-to-Machine (M2M) and Internet of Things (loT) solutions in Europe. By focusing on the Healthcare segment in Europe, the two companies will jointly address one of the fastest growing areas of the M2M/loT market. For example, in healthcare the two companies are planning to develop remote patient monitoring systems that are enabled through smart phones.

HCL and Tele2 will work together in an effort to reduce transactional and operational costs for their partners, whilst tapping into the lucrative revenue opportunities that exist within the European loT/M2M market. HCL will be responsible for the implementation, integration, roll-out and ongoing support of M2M/loT solutions, in addition to device connectivity through its flagship Device Gateway product - Aegis. This becomes feasible through Tele2's Control Center, which is the market leading M2M/loT connectivity platform in the world.

HCL Technologies is a leading global IT services company working with clients in the areas that impact and redefine the core of their businesses. HCL leverages its extensive global offshore infrastructure and network of offices in 31countries to provide holistic, multi-service delivery in key industry verticals including Financial Services, Manufacturing, Consumer Services, Public Services and Healthcare & Life sciences.

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