HCL Technologies gains on inking pact with US Company

14 May 2012 Evaluate

HCL Technologies is currently trading at Rs. 487.75, up by 0.10 points or 0.02% from its previous closing of Rs. 487.65 on the BSE.

The scrip opened at Rs. 488.55 and has touched a high and low of Rs. 488.95 and Rs. 474.00 respectively. So far 12880 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 523.50 on 02-May-2012 and a 52 week low of Rs. 360.10 on 26-Aug-2011.

Last one week high and low of the scrip stood at Rs. 511.00 and Rs. 474.00 respectively. The current market cap of the company is Rs. 33311.79 crore.

The promoters holding in the company stood at 63.77% while Institutions and Non-Institutions held 27.82% and 8.41% respectively.

HCL Technologies’ wholly owned step down subsidiary HCL America Inc, a US-based electric and natural gas company, has inked pact with US company for collaboration on a new technology centre in Michigan.

Michigan Technology Development Center (MTDC) will be located at the Commonwealth Commerce Center in downtown Jackson, Michigan. HCL expects to hire 300 local technology professionals during phase one of the MTDC's opening.

The MTDC will be a designated training and development hub for IT processes, and will work with local universities. The centre will also establish a learning academy to train employees of Consumers Energy on emerging technologies, and will further expand to accommodate 500 technology professionals in the next few years. 

HCL Tech. Share Price

1941.10 -18.10 (-0.92%)
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