HCL Technologies Ltd.

HCL Technologies is currently trading at Rs. 975.00, up by 5.10 points or 0.53% from its previous closing of Rs. 969.90 on the BSE.

The scrip opened at Rs. 975.00 and has touched a high and low of Rs. 980.00 and Rs. 973.00 respectively. So far 15,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1058.20 on 11-Mar-2015 and a 52 week low of Rs. 725.18 on 15-Dec-2014.

Last one week high and low of the scrip stood at Rs. 980.00 and Rs. 930.55 respectively. The current market cap of the company is Rs. 1,37,082.00 crore.

The promoters holding in the company stood at 60.58% while Institutions and Non-Institutions held 33.45% and 5.97% respectively.

HCL Technologies, a leading global IT services provider, has been appointed as the strategic IT partner to SAI Global. Under the terms of the five-year partner agreement, HCL Technologies will provide SAI Global with IT Managed Application Services and Projects.

The company was awarded the contract following a competitive tender evaluation to assist the company in delivering its newly integrated Global Sales and Marketing capability and the organization’s Strategic Future Projects. The contract is expected to save SAI Global around $27 million.

In providing the organization with a single point of accountability for the nominated IT applications, HCL Technologies will support SAI Global with multi-country Managed Service, which will help reduce support costs and shorten new implementation times across the organization’s geographically dispersed operations.

At the same time, HCL Technologies will also support the organization’s drive for service quality improvements through the deployment of Standardized Processes across SAI Global’s business units and provide ongoing support for the organization’s global Epicor ERP platform.