HCL Infosystems shines on entering into tying up with Astra Global

26 Feb 2013 Evaluate

HCL Infosystems is currently trading at Rs. 34.45, up by 0.60 points or 1.77% from its previous closing of Rs. 33.85 on the BSE.

The scrip opened at Rs. 34.85 and has touched a high and low of Rs. 35.00 and Rs. 33.95 respectively. So far 28,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 51.20 on 02-Mar-2012 and a 52 week low of Rs. 32.90 on 18-Feb-2013.

Last one week high and low of the scrip stood at Rs. 35.80 and Rs. 33.55 respectively. The current market cap of the company is Rs. 767 crore.

The promoters holding in the company stood at 50.77% while Institutions and Non-Institutions held 29.58% and 19.65% respectively.

HCL Infosystems has entered into a tie-up with Astra Global whereby HCL will be outsourcing its manufacturing facility located at Ambattur in Chennai to Astra Global. The manufacturing facility specializes in networking racks, specialized custom designed sheet metal enclosures, ticketing & self service kiosks and subsystems for Medical and Aerospace products. 

Through this partnership, Astra will supply products manufactured in the Ambattur facility to HCL for its internal requirements as well as to HCL’s customers. The partnership will enable both HCL and Astra to focus on their respective core competencies.

Astra is based out of Verna, Goa and is engaged in the business of manufacturing precision assemblies for the Medical & Engineering industries with over 20 years of experience.

HCL Infosystems is one of the leading ICT system integrator and distribution company. It has wide range of products and services such as IT products, solutions and related services, which include PCs, servers, imaging, voice and video solutions, networking products, TV and FM broadcasting solutions, communication solutions, system integration, ICT education and training, digital lifestyle solutions and peripherals

HCL Infosystems Share Price

16.99 -0.02 (-0.12%)
31-May-2024 16:01 View Price Chart
Peers
Company Name CMP
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Compuage Infocom 3.95
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