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HCL Tech inches up as its arm secures multi-year deal from WyCAN Consortium

HCL Technologies Ltd. | IT - Software | IT & ITES | BSE: 532281 | NSE: HCLTECH

26 Sep 2013 Evaluate

HCL Tech is currently trading at Rs. 1057.50, up by 0.65 points or 0.06% from its previous closing of Rs. 1056.85 on the BSE.

The scrip opened at Rs. 1070.00 and has touched a high and low of Rs. 1072.00 and Rs. 1041.00 respectively. So far 16,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1104.30 on 24-Sep-2013 and a 52 week low of Rs. 556.70 on 09-Oct-2012.

Last one week high and low of the scrip stood at Rs. 1104.30 and Rs. 996.05 respectively. The current market cap of the company is Rs. 73,714 crore.

The promoters holding in the company stood at 61.92% while Institutions and Non-Institutions held 30.94% and 7.14% respectively.

HCL America Inc (HCLA), a fully owned subsidiary of leading global IT services company HCL Technologies, has won a multi-year, multi-million dollar deal with the WyCAN Consortium, a group of states including Wyoming, Colorado, Arizona and North Dakota. HCLA will enable WyCAN to significantly improve services for its Unemployment Insurance (UI) modernization program, which is one of the largest programs in the US providing critical income to millions of unemployed Americans.

HCLA was selected through a highly competitive process where it demonstrated its unique and effective managed cloud-as-a-service solution called iGOVERN. HCL's solution expertise will be used to deliver and support WYCAN's unemployment insurance (UI) tax and benefit systems and transform it into an integrated claimant and employer focused, self assisted service channel.

The deal will give the consortium states a configurable, intuitive Government-to-Citizen (G2C) system aimed at consolidating and replacing existing legacy systems to allow easier adaptation to changing legislation. This means superior services for the claimant, employers and UI staff by improving collaboration with other Department of Labor (DOL) agencies.

HCL Tech. Share Price

1285.20 -156.35 (-10.85%)

22-Apr-2026 16:01 View Price Chart

Peers

Company Name	CMP
TCS	2537.55
Infosys	1268.45
HCL Tech.	1285.20
Wipro	204.05
Tech Mahindra	1462.85
View more..

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HCL Tech inches up as its arm secures multi-year deal from WyCAN Consortium

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