Company Profile

HCL TECHNOLOGIES LTD.

NSE : HCLTECHBSE : 532281ISIN CODE : INE860A01027Industry : IT - Software House : Shiv Nadar
BSE582.35-5.9 (-1 % )
PREV CLOSE (Rs.) 588.25
OPEN PRICE (Rs.) 589.90
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 85324
TODAY'S LOW / HIGH (Rs.)580.05 589.90
52 WK LOW / HIGH (Rs.)375.5 624
NSE582.25 -6 (-1.02 % )
PREV CLOSE(Rs.) 588.25
OPEN PRICE (Rs.) 588.25
BID PRICE (QTY) 582.25 (56 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 2376908
TODAY'S LOW / HIGH(Rs.) 579.85 588.55
52 WK LOW / HIGH (Rs.)375.25 623.5

Company News

Date Heading Details
19-Jun-2020 HCL Technologies releases Unica V12.1 <p align="justify">HCL Technologies (HCL) has released Unica V12.1. Unica takes Precision Marketing at Scale to the next level by effortlessly scaling to the billions of personalized interactions required by the largest organizations with the most complex data infrastructures. V12.1 is the culmination of more than two years of research, development, and investment in the Unica platform to power the next generation of customer journeys and goalbased marketing. Unica V12.1 will be generally available in July 2020.</p><p align="justify">HCL Technologies is a leading global IT services company that helps global enterprises reimagine and transform their businesses through digital technology transformation.<br></p>
19-Jun-2020 Reliance Industries, IRB Infrastructure Developers and HCL Technologies to see some action today <p align="justify">Public Investment Fund (PIF), sovereign wealth fund&nbsp; of&nbsp; Saudi&nbsp; Arabia, is going to invest Rs 11,367 crore in Jio Platforms, a wholly-owned subsidiary of <strong>Reliance Industries</strong>, at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore. The investment will translate into a 2.32% equity stake in Jio Platforms on a fully diluted basis. With this investment, Jio Platforms has raised Rs 115,693.95 crore from leading global investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, ADIA, TPG and L Catterton, since April 2020. With the addition of PIF's investment, Jio Platforms has established partnerships with a marquee set of global financial investors, who will contribute to establishing the Digital Society vision for India. </p><p align="justify">IRB MP Expressway, a special purpose vehicle (SPV) of <strong>IRB Infrastructure Developers</strong>, has successfully achieved Financial Closure for its first and India's largest toll-operate-transfer (TOT) project-Mumbai Pune Expressway. As a commitment towards the fee obligations in Concession Agreement, the Company has made the payment of first tranche of Rs 6,500 crore as upfront sub-concession fee to the Maharashtra State Road Development Corporation. </p><p align="justify"><strong>HCL Technologies</strong> (HCL) has released Unica V12.1. Unica takes Precision Marketing at Scale to the next level by effortlessly scaling to the billions of personalized interactions required by the largest organizations with the most complex data infrastructures. V12.1 is the culmination of more than two years of research, development, and investment in the Unica platform to power the next generation of customer journeys and goal-based marketing. Unica V12.1 will be generally available in July 2020.</p><p align="justify">Meghmani Finechem (MFL), a material subsidiary of <strong>Meghmani Organics</strong> (MOL), has taken another step to invest for new project of forward integration, a Chlorinated Poly Vinyl Chloride (CPVC Resin) of 30,000 MT. The Project will set up in existing Chlor Alkali and Derivatives Complex at Dahej for proximity to key raw material like Chlorine and to leverage existing infrastructure facilities.</p><p align="justify"><strong>Trident</strong> has raised Rs 500 Million through issue of Commercial Papers. The date of allotment is June 18, 2020 while, Maturity date is August 27, 2020. The Commercial Paper is being listed on Bombay Stock Exchange (BSE).</p><p align="justify"><strong>Indian Acrylics</strong> has resumed production at both of its plants of Acrylic Fibre and Acrylic Yarn. The capacity utilization of the plant is improving in the month of June as compared to May on account of improved sales. The company has expect that production and sales level will further improve in next two months and will reach 80% of pre Covid level.</p><p align="justify"><strong>DJ Mediaprint &amp; Logistics</strong> has secured an order for Printing of Club Members Stationery for the Membership Year 2018-19 covering 25 branches from LIC of India, Divisional Office, Madurai. This opens up Southern Markets as an opportunity for growth for the company.<br></p>
17-Jun-2020 HCL Technologies commences operations in Sri Lanka <p align="justify">HCL Technologies (HCL) has commenced its operations in Sri Lanka. Marking its presence in the region, the company plans to create over 1,500 new local employment opportunities for both freshers and experienced professionals, within the first eighteen months of kick starting its operations from its office in Colombo. A key part of HCL's business and development strategy in Sri Lanka will be to use local talent pool of Sri Lanka for global assignments.</p><p align="justify">The company will also implement its Work Integrated Education Program to foster growth by actively cooperating with local ICT and engineering institutions in order to develop and train the local talent pool. For freshers, the company will focus on hiring A Level, Higher National Diploma (HND) students through HCL ESOFT Training &amp; Hiring Program.</p><p align="justify">HCL Technologies is a leading global IT services company that helps global enterprises reimagine and transform their businesses through digital technology transformation. <br></p>
17-Jun-2020 Maruti Suzuki, Wipro and HCL Technologies to see some action today <p align="justify"><strong>Maruti Suzuki India</strong> (MSIL) has collaborated with IndusInd Bank to arrange attractive finance schemes to help customers buy their favourite car. MSIL has been arranging consumer finance with finance partners to support progressive restart of business activities in the automobile industry. For addressing personal mobility needs of the customers in the wake of the current COVID-19 pandemic scenario, IndusInd Bank has offered a variety of finance options including low EMI scheme, step-up and balloon payment options and funding 100% on-road price for the vehicles. IndusInd Bank has a wide portfolio that can be customised for needs of salaried, self-employed, agriculturists and businessmen.</p><p align="justify">Wipro Gallagher Solutions (WGS), a <strong>Wipro</strong> company, has entered into partnership with DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services for the mortgage industry. The partnership will enable Wipro Gallagher Solutions to advance digital mortgage processes via a seamless integration to DocMagic services.</p><p align="justify"><strong>HCL Technologies</strong> (HCL) has commenced its operations in Sri Lanka. Marking its presence in the region, the company plans to create over 1,500 new local employment opportunities for both freshers and experienced professionals, within the first eighteen months of kick-starting its operations from its office in Colombo. A key part of HCL's business and development strategy in Sri Lanka will be to use local talent pool of Sri Lanka for global assignments.</p><p align="justify"><strong>Mahindra &amp; Mahindra</strong> (M&amp;M) has launched BSVI-compliant ambulance 'Supro' in two variants in the wake of coronavirus pandemic which has led to a rise in demand for such vehicles. Developed in-house on the company's popular Supro van platform, the vehicle is priced at Rs 6.94 lakh. The first batch of 12 ambulances, which is available in two variants LX and ZX, has been manufactured exclusively for the Maharashtra government to meet its requirements for ambulances in its fight against the COVID-19 pandemic.</p><p align="justify"><strong>Federal Bank</strong> is planning to raise funds either through rights issue, private placement, Preferential Issue, Further Public Offer( FPO), Qualified Institutions Placement (QIP), Global Depository Receipts (GDR), American Depository Receipts (ADR), Foreign Currency Convertible Bonds (FCCB) or through any other permissible mode or a combination thereof, and also for determination of issuance amount, as may be appropriate, subject to shareholders approval as applicable and regulatory, statutory approvals and requirements. A meeting of the Board of Directors of the Bank is scheduled to be held on June 19, 2020, to consider and approve the same.</p><p align="justify"><strong>Trident</strong> has been granted patent for ‘Pile Fabric and Methods For Manufacture Of The Same' by United States Patent Office. The present invention provides for a woven pile fabric comprising a plurality of warp yarns and plurality of weft yarn intersecting the plurality of warp yarns, two or more multi-ply pile yarn woven to form a plurality of pile loops wherein within each pile loop a first pile component yarn forms a first sub loop and the second pile component yarn forms a second sub loop such that multiple sub-loops are formed after weaving.</p><p align="justify"><strong>Zensar Technologies</strong> has strengthened its partnership with NetFlorist, a leading online gifting company from South Africa to enable it to diversify its business offerings during the current situation to now include essential grocery section. NetFlorist wanted its customers to have the option to buy essential items during the COVID-19 lockdown.<br></p>
05-Jun-2020 HCL Technologies expands strategic partnership with Google Cloud <p align="justify">HCL Technologies (HCL) has expanded strategic partnership with Google Cloud to bring HCL's software offerings, starting with HCL Commerce, to Google Cloud. Google Cloud will be the preferred cloud platform for HCL Commerce, providing global, secure and elastic infrastructure to power businesses' eCommerce strategies. Under this partnership, HCL also intends to leverage Anthos to enable multicloud and hybridcloud deployments of HCL Commerce.</p><p align="justify">Bringing HCL Commerce to Google Cloud will enable businesses to maintain their investments in HCL's trusted Commerce platform while also taking advantage of the global reach, security, and elasticity of Google Cloud. In addition, businesses across industries will be able to develop positive, datadriven customer experiences online by leveraging Google Cloud's capabilities in artificial intelligence, machine learning and analytics.</p><p align="justify">HCL Technologies is a leading global IT services company that helps global enterprises reimagine and transform their businesses through digital technology transformation. <br></p>
05-Jun-2020 Reliance Industries, Lupin and HCL Technologies to see some action today <p align="justify">Mubadala Investment Company (Mubadala) is planning to invest Rs 9,093.60 crore in Jio Platforms, a wholly-owned subsidiary of <strong>Reliance Industries</strong>, at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore. Mubadala's investment will translate into a 1.85% equity stake in Jio Platforms on a fully diluted basis. With this investment, Jio Platforms has raised Rs 87,655.35 crore from leading global technology and growth investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR and Mubadala in less than six weeks. </p><p align="justify"><strong>Lupin</strong> and Mylan N.V. have received European Marketing Authorization for Nepexto, a biosimilar to Enbrel (etanercept), for all indications of the reference product including rheumatoid arthritis, juvenile idiopathic arthritis, psoriatic arthritis, axial spondyloarthritis (including ankylosing spondylitis and non-radiographic axial spondyloarthritis), plaque psoriasis and paediatric plaque psoriasis.</p><p align="justify"><strong>HCL Technologies</strong> (HCL) has expanded strategic partnership with Google Cloud to bring HCL's software offerings, starting with HCL Commerce, to Google Cloud. Google Cloud will be the preferred cloud platform for HCL Commerce, providing global, secure and elastic infrastructure to power businesses' eCommerce strategies. Under this partnership, HCL also intends to leverage Anthos to enable multi-cloud and hybrid-cloud deployments of HCL Commerce.</p><p align="justify"><strong>Ashok Leyland</strong> has launched its range of Modular Trucks, AVTR, with i-Gen6 BS-VI technology. The modular platform is a first of its kind in the Indian CV industry with multiple options of axle configurations, loading spans, cabins, suspensions, and drivetrains on a single platform for the entire range of Rigid trucks, Tippers and Tractors in the 18.5T to 55T category. This enables customers to configure vehicles that are best-suited to their applications and business needs.</p><p align="justify"><strong>APL Apollo Tubes</strong> has launched 'Apollo Fencing Solution', an unrivaled innovation that gives the much-desired safety fencing to any property, besides adding unmatched beauty and elegance to it. Comprising an array of uniquely designed H-Shaped Fence Post called 'Apollo Fence', this low-cost, durable, and exciting product range can be used to replace even the concrete boundary wall.</p><p align="justify"><strong>Madhav Infra Project</strong> has received Letter of Award (LOA) from the Office of the M.P. Road Development Corporation (A Government of M.P. Undertaking) for the road project/work for a negotiated contract value of Rs 324.82 crore.</p><p align="justify"><strong>VST Tillers Tractors</strong> has reported sales of Power Tillers and Tractors for the month of May 2020. The company has sold 1750 units of Power Tillers in May 2020 as against 1411 units in May 2019. Besides, the company has sold 633 units of tractors in May 2020, as compared to 527 units in May 2019.<br></p>
02-Jun-2020 HCL Technologies, Temenos sign strategic agreement to market MXDP <P align=justify>HCL Technologies (HCL) and Temenos have signed exclusive strategic agreement for non-financial services enterprises. As part of this agreement, the company has been granted a license to develop, market and support Temenos multiexperience development platform (MXDP) for non-financial services enterprises. The agreement is exclusive for seven years. Temenos will continue its R&amp;D investment in its industry-leading Temenos MXDP, and will support and service both Temenos financial services clients as well as existing non-financial services clients that are currently contracted with Temenos. <P align=justify>HCL Technologies is a leading global IT services company that helps global enterprises reimagine and transform their businesses through digital technology transformation.
02-Jun-2020 HCL Technologies gains on signing agreement with Temenos to market MXDP <P align=justify>HCL Technologies is currently trading at Rs. 565.65, up by 6.30 points or 1.13% from its previous closing of Rs. 559.35 on the BSE.<P align=justify>The scrip opened at Rs. 557.00 and has touched a high and low of Rs. 567.00 and Rs. 550.50 respectively. So far 87082 shares were traded on the counter.<P align=justify>The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 624.00 on 17-Feb-2020 and a 52 week low of Rs. 375.50 on 19-Mar-2020.<P align=justify>Last one week high and low of the scrip stood at Rs. 573.45 and Rs. 516.15 respectively. The current market cap of the company is Rs. 153484.90 crore.<P align=justify>The promoters holding in the company stood at 60.33%, while Institutions and Non-Institutions held 35.57% and 4.10% respectively.<P align=justify>HCL Technologies (HCL) and Temenos have signed exclusive strategic agreement for non-financial services enterprises. As part of this agreement, the company has been granted a license to develop, market and support Temenos multiexperience development platform (MXDP) for non-financial services enterprises. The agreement is exclusive for seven years. Temenos will continue its R&amp;D investment in its industry-leading Temenos MXDP, and will support and service both Temenos financial services clients as well as existing non-financial services clients that are currently contracted with Temenos.<P align=justify>HCL Technologies is a leading global IT services company that helps global enterprises reimagine and transform their businesses through digital technology transformation.
01-Jun-2020 India Grid Trust, HCL Technologies and Adani Enterprises to see some action today <p align="justify"><strong>India Grid Trust</strong> has executed share purchase agreement (SPA) for acquisition of 100% stake in Jhajjar KT Transco Private (JKTPL) from Kalpataru Power Transmission (KPTL) and Techno Electric &amp; Engineering Company (TEECL). The indicative value of the transaction is Rs 310 crore and is subject to certain adjustments on account of assets and liabilities at the time of closing of the transaction. The transaction is also subject to requisite approvals and compliances. </p><p align="justify"><strong>HCL Technologies</strong> (HCL) is planning to acquire Cisco's Self-Optimizing Network (SON) technology. This acquisition, which comprises of products and services built on Cisco's SON technology, will help HCL meet the growing needs of its customers in the telecommunications industry, which includes tier-one communications service providers globally, by adding the power of Cisco's SON's multi-vendor multi-technology and application support to its clients.</p><p align="justify"><strong>Adani Enterprises</strong> has incorporated two wholly owned subsidiaries namely DC Development Noida (DDNPL) and DC Development Hyderabad (DDHPL) on May 28, 2020, with authorised share capital of Rs 1 lakh each.&nbsp; DDNPL has been incorporated to carry on the business of providing Data Centre infrastructure build, lease, maintain and operate services in all its forms and perspectives and to undertake all such activities as are connected, linked or associated with Land Acquisition, Land Assessment &amp; Due Diligence, Land Development, Design &amp; Engineering, Civil &amp; other related data centre operations.&nbsp; DDHPL has been incorporated to carry on the business of providing Data Centre infrastructure build, lease, maintain and operate services in all its forms and perspectives and to undertake all such activities.</p><p align="justify"><strong>NHPC</strong> is mulling setting up three hydro power projects with a total capacity of 155 MW and a 50 MW solar energy project in the Union Territory of Ladakh. The company would also explore the possibility of blending hydro power with solar energy in view of high solar irradiance in the region. </p><p align="justify"><strong>Dr. Reddy's Laboratories</strong> has received the Establishment Inspection Report (EIR) from the US Food and Drug Administration (USFDA) for API Srikakulam Plant (SEZ), Andhra Pradesh, indicating that the inspection is closed under 21 CFR 20.64(d)(3). </p><p align="justify"><strong>Yes Bank</strong>, pursuant to invocation of pledged shares, has acquired 44,53,48,990 equity shares of Dish TV India constituting approximately 24.19 percent of the post-issue paid-up share capital as at March 31, 2020. Shares were acquired on the invocation of pledge subsequent to default/breach of terms of the loan to Dish TV India. </p><p align="justify"><strong>Indian Hotels Company's</strong> (IHCL) Committee for long term Borrowings has considered and approved raising of funds by way of issuance of rated, unsecured, listed, redeemable, non-convertible debentures of face value of Rs 10,00,000 aggregating to Rs 300 crore by way of private placement, to ICICI Bank (NCDs). The NCDs are proposed to be listed on the wholesale debt market segment of National Stock Exchange of India and the tenor of the instrument is 3 (three) years from the deemed date of allotment.<br></p>
30-May-2020 HCL Technologies planning to acquire Cisco's SON technology <p align="justify">HCL Technologies (HCL) is planning to acquire Cisco's Self-Optimizing Network (SON) technology. This acquisition, which comprises of products and services built on Cisco's SON technology, will help HCL meet the growing needs of its customers in the telecommunications industry, which includes tier-one communications service providers globally, by adding the power of Cisco's SON's multi-vendor multi-technology and application support to its clients.</p><p align="justify">The Cisco SON technology is a powerful platform that uses machine learning and a set of applications to automate the Radio Access Network (RAN). It helps customers boost performance, harmonize the multiple technologies that comprise a RAN, and maximize the capabilities of?existing infrastructures, resulting in reduced capital and operational expenditures. As part of the deal, some employees who work on Cisco's SON technology will move from Cisco to HCL.</p><p align="justify">HCL Technologies is a leading global IT services company that helps global enterprises reimagine and transform their businesses through digital technology transformation.<br></p>