24 Oct 2024

HCL Technologies Rises Amid Extended Partnership with Transport for NSW

HCL Technologies is currently trading at Rs. 1858.00, up by 12.00 points or 0.65% from its previous close of Rs. 1846.00 on the BSE.

The stock opened at Rs. 1846.00, reaching a high of Rs. 1862.80 and a low of Rs. 1846.00 so far, with 755 shares exchanged.

This BSE group 'A' stock, with a face value of Rs. 2, recorded a 52-week high of Rs. 1886.60 on October 21, 2024, and a 52-week low of Rs. 1215.70 on October 26, 2023. In the past week, it reached a high of Rs. 1886.60 and a low of Rs. 1795.60. The company’s market capitalization now stands at Rs. 500,942.58 crore.

The promoter stake in HCL Technologies is at 60.81%, while institutional and non-institutional investors hold 34.47% and 4.72% respectively.

HCLTech has extended its collaboration with Transport for NSW, the transport and roads agency of the New South Wales Government, under a new five-year agreement. HCLTech will provide comprehensive managed services for essential business and operational applications, platforms, and cloud operations, integrating security services. The contract includes AI, automation-driven innovations, and major service enhancements, aimed at future-proofing the platform for transport services.

With a focus on enhancing and securing Transport for NSW's technology infrastructure, HCLTech will ensure a robust and scalable application and platform landscape. The company, with a presence in Australia for over 20 years, employs more than 2,400 people across the ANZ region.

HCL Technologies continues to be a leader in the IT services industry, assisting global enterprises in transforming their businesses through digital technology innovations.