25 Mar 2025

HCL Tech Surges 3.04% Amid Strategic Partnership with Western Union

HCL Technologies is currently trading at RS 1652.85, marking an increase of 48.75 points or 3.04% from its previous closing price of RS 1604.10 on the BSE.

The stock opened at RS 1631.05 and recorded a high of RS 1659.00 and a low of RS 1620.00 during the session, with a total of 32,129 shares traded so far.

In the past 52 weeks, the stock has touched a high of RS 2011.00 on 13-Jan-2025 and a low of RS 1235.00 on 04-Jun-2024. The stock's one-week high and low stood at RS 1659.00 and RS 1521.20, respectively. HCL Tech's market capitalization currently stands at RS 442598.78 crore.

The company's shareholding pattern shows promoters holding 60.81%, while institutions and non-institutions hold 34.61% and 4.57%, respectively.

In a significant development, HCL Tech has entered into a strategic partnership with Western Union to drive innovation and transformation in the financial services sector. This partnership positions HCL Tech as Western Union’s largest preferred technology partner.

Western Union will leverage HCL Tech’s AI-powered solutions, FENIXAI and AI Force, to transition to a platform-centric operating model, enhancing agility and scalability. HCL Tech will provide advanced digital, cloud, and AI-driven solutions to improve platform and channel capabilities, ensuring seamless customer experiences. The collaboration will also focus on enterprise-wide infrastructure transformation, data-driven decision-making, and increased operational resilience.

Additionally, Western Union and HCL Tech will establish an advanced technology center in Hyderabad, India, to strengthen global technology capabilities and foster innovation and talent development.

HCL Technologies specializes in IT and business services, engineering and R&D solutions, and modernized software products with IP-led offerings.