Hinduja Global in good health

Hinduja Global opened today 2% higher at Rs.2738.90 and rose further by over 2.5% to hit an intraday high at Rs.2754.90. Volumes are up over 2-times. Its 52-week high stands at Rs.3948.

The stock is up, reacting to its news that t its subsidiary HGS UK has been selected by the UK Health Security Agency (UKHSA) to provide critical customer support to UK citizens for an initial period of two years, with an option to extend further.

The partnership is already underway having launched earlier last week, and the contract could be worth up to £211 million (Rs. 2,100 crores) across the term of the contract, employing over 2,000 Work@Home positions across the UK.

The UKHSA is responsible for NHS Test & Trace and this contract will assist with future contact tracing needs for Covid-19 and other health security risks such as a large flu outbreak or new pandemic.

This is the company’s biggest win from the public sector of UK.