HCL Tech at new high

HCL Tech is bright star in the IT sector today; from its close of yesterday at Rs.1275.35, the stock opened today at Rs.1287.15 and went on to hit a 52-week high at Rs.1315.10.

The stock reacted positively to its a five-year, digital transformation deal with US-based, MKS Instruments Inc., a global provider of instruments, systems, subsystems and solutions for advanced manufacturing processes, to improve performance, productivity and speed to market.

No financial details of this deal were divulged.

HCL’s board is scheduled to meet on 14 October 2021, to consider unaudited financial results of the company for the quarter and half year ending September 30, 2021. The board will also consider the payment of a third interim dividend for the financial year 2021-22.