HCL Technologies surges on entering into strategic partnership with Siemens

06 Dec 2017

HCL Technologies is currently trading at Rs. 851.00, up by 5.55 points or 0.66% from its previous closing of Rs. 845.45 on the BSE.

The scrip opened at Rs. 845.55 and has touched a high and low of Rs. 853.95 and Rs. 845.00 respectively. So far 9232 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 941.00 on 23-Oct-2017 and a 52 week low of Rs. 772.00 on 07-Dec-2016.

Last one week high and low of the scrip stood at Rs. 857.70 and Rs. 825.10 respectively. The current market cap of the company is Rs. 118610.47 crore.

The promoters holding in the company stood at 60.05%, while Institutions and Non-Institutions held 35.22% and 4.73% respectively.

HCL Technologies (HCL) has entered into a strategic partnership with Siemens on Industry 4.0 solutions, with a strategic collaboration on the Siemens Industry Software Suite. The global partnership with Siemens on Mindsphere, a cloud–based open Internet of Things (IoT) operating system, comprises technology, application development, connectivity solutions, system integration and go–to–market strategy.

HCL can now take Siemens’ MindSphere solutions to their customers across multiple sectors. Together with Siemens, HCL will work on the development and innovation on this platform, strengthening its positioning in the market. During key industrial and IT events, several joint collaboration activities with Siemens will be conducted.

HCL is a leading global IT services company that helps global enterprises re–imagine and transform their businesses through Digital technology transformation.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
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