HCL Technologies trades higher on the bourses

HCL Technologies is currently trading at Rs 389.35, up by 6.90 points or 1.80% from its previous closing of Rs 382.45 on the BSE.

The scrip opened at Rs 379.90 and has touched a high and low of Rs 393.50 and Rs 377.90 respectively. So far 48955 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 528.40 on 21-Apr-2011 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 410.90 and Rs 377.90 respectively. The current market cap of the company is Rs 26381.31 crore.

The promoters holding in the company stood at 64.37% while Institutions and Non-Institutions held 27.48% and 8.15% respectively.

HCL Technologies’ employee idea exchange platform has been honored with a Forrester Groundswell Award in the Management: Innovation System category. HCL’s Value Portal is an online platform where HCL employees collaborate, innovate and lead the implementation of their ideas to deliver value to HCL’s customers. The fifth annual Forrester Groundswell Awards, which recognize excellence in achieving business and organizational goals with social technology applications, were announced yesterday at the Forrester Content & Collaboration Forum in Boston.

Through Value Portal, HCL employees provide their customers with clear visibility of a particular product or solutions implemented by customers by proactively identifying problems and providing a forum where improvements can be made and are predefined by quality, timeline and available budgets. The ideas are co-created and co-implemented with a very tight collaboration among working group members and hence it becomes much easier for the customer to measure the value realized through such initiative.

Since the Value Portal was launched in April 2007, 7312 ideas have been generated by more than 5,000 HCL employees. Out of these, 860 ideas were implemented in phase I and have delivered total value of $15.64 million till date.

HCL Technologies is a leading global IT services company, working with clients in the areas that impact and redefine the core of their businesses. Since its inception, HCL focuses on 'transformational outsourcing,' underlined by innovation and value creation, and offers integrated portfolio of services including software-led IT solutions, remote infrastructure management, engineering and R&D services and BPO.