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Tech giant HCL Technologies has tied up with German company Siemens AG to modernize its IT outlook and drive cloud-led digital transformation globally. Details of the deal were not disclosed, but after the news, shares of HCL Technologies hit a 52-week high. The share price on BSE index is Rs. went to 1,256.80. While the closing price is Rs. 1254.15, showing an increase of 1.49%.
What’s the deal: HCL Technologies will focus on automating Public Cloud Outlook while adhering to Siemens’ security standards. Announcing this, the company said in a statement that HCL Technologies has been selected as one of the preferred global suppliers in horizontal IT infrastructure services.
What the brokerage says: Rajesh Bhosle, Equity Tech, Angel One said – HCL Technologies share price is in a strong position and is touching new highs around 1260 level. It has been one of the top performers in the heavyweight IT sector. This uptrend is expected to continue and the stock price may go up to 1300.