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HCL Technologies gains on signing five year Next-Gen ITO contract with Husqvarna AB

03 Mar 2016

HCL Technologies is currently trading at Rs. 857.10, up by 2.50 points or 0.29% from its previous closing of Rs. 854.60 on the BSE.

The scrip opened at Rs. 865.00 and has touched a high and low of Rs. 865.95 and Rs. 852.40 respectively. So far 19182 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1058.20 on 11-Mar-2015 and a 52 week low of Rs. 785.85 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 865.95 and Rs. 796.60 respectively. The current market cap of the company is Rs. 120276.38 crore.

The promoters holding in the company stood at 60.42% while Institutions and Non-Institutions held 33.02% and 6.55% respectively.

HCL Technologies (HCL) has signed a five year Next - Generation Information Technology Outsourcing (Next - Gen ITO) contract with Husqvarna AB, a leading manufacturer of outdoor power products including robotic mowers, garden tractors, chainsaws and trimmers. HCL has been providing application management services to Husqvarna and with this deal, HCL will now provide end - to - end integrated infrastructure and applications services, covering data center services, network services, security services, applications operations and support services.

HCL will utilize its transformational infrastructure and applications services and global delivery model to drive data - center consolidation and assets optimization for Husqvarna, allowing a high degree of flexibility and enabling them to adopt future technologies for delivering an enriched end-user experience to end customers.

HCL Technologies is a leading global IT services company working with clients in the areas that impact and redefine the core of their businesses.


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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323