Here's why this IT company is trading in green despite the negative market sentiment!

Here's why this IT company is trading in green despite the negative market sentiment!

by 5paisa Research Team Last Updated: May 12, 2022 - 04:12 pm 28.3k Views
Listen icon

HCL Technologies is a next-generation global technology company that helps enterprises reimagine their businesses for the digital age.

HCL Tech has focused on transformational outsourcing and offers an integrated portfolio of services including software-led IT solutions, remote infrastructure management, engineering and R&D services and BPO. The company leverages its extensive global offshore infrastructure and network of offices in 46 countries to provide multi-service delivery in key industry verticals.

On 9th May 2022, it announced it will acquire, through its wholly-owned subsidiary, a Bengaluru-based Quest Informatics Private Limited (Quest) which is a company specializing in the aftermarket domain. Quest helps clients transform their aftermarket operations and their customer experience, and revamp their legacy business models to stay relevant and competitive in the digital era, in an all-cash deal.

Quest will help expand HCL Technologies’ Industry 4.0 offerings into the fast-growing aftermarket space. Quest's suite of aftermarket solutions and products will be valuable to transportation and manufacturing clients globally in their digital transformation journey. The deal is expected to be complete before July 31, 2022.

On 9th May 2022, it also announced a strategic partnership with Syniti. This collaboration with Syniti, a global leader in enterprise data management that combines AI-driven software and data expertise, will help develop industry-specific data solutions and deliver higher quality SAP S/4HANA transformations. HCL Technologies will adopt the Syniti Knowledge Platform (SKP) as its strategic data migration platform to provide customers with improved data management strategy and higher quality data.

HCL is on the path of transforming its existing business. On Thursday the share price of HCL Technologies was Rs 1061 witnessing a 0.08% gain. The stock has a 52-week high of Rs 1377 and a 52-week low of Rs 895.30.

Share Market Today

How do you rate this article?


Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage


About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.

Open Free Demat Account
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest News
Revving Up: Catch the Exciting November 2023 Auto Sales Highlights!

Escorts Kubota Ltd. witnessed a 4% increase in its total dispatches to dealerships, reaching 8,258 units, reflecting a 3.7% YoY growth. The rise in total dispatches to dealerships for Escorts Kubota Ltd.

Dixon Technologies to Manufacture Xiaomi Phones at Noida Plant

In a transformative move to enhance local smartphone manufacturing, Dixon Technologies (India) Ltd. has inaugurated a smartphone manufacturing plant in Noida.

JSW Group acquires 35% in MG Motor India, a SAIC subsidiary

On November 30, JSW Group announced a joint venture (JV) with SAIC Motor Corp. Ltd, the parent company of MG Motor India.