New Delhi, October 15 (Udaipur Kiran): Shares of HCL Technologies (HCL Tech) moved higher after the company announced a strategic collaboration with GSMA, a global association representing the mobile communications industry. The stock was trading at Rs. 1498.50, up by 3.35 points or 0.22% from its previous close of Rs. 1495.15 on the BSE.
The scrip opened at Rs. 1495.45 and recorded a high of Rs. 1508.85 and a low of Rs. 1485.75 during the session. Around 3,00,718 shares were traded on the counter. The BSE Group ‘A’ stock, with a face value of Rs. 2, has touched a 52-week high of Rs. 2011.00 (13-Jan-2025) and a 52-week low of Rs. 1304.00 (07-Apr-2025).
Over the past week, the stock has traded between Rs. 1534.65 and Rs. 1452.85, with the company’s current market capitalisation standing at Rs. 4,06,466.33 crore. Promoters hold 60.81%, while institutional and non-institutional investors hold 34.76% and 4.42%, respectively.
HCL Technologies has become the first and only global technology company to join the GSMA Open Gateway initiative, which aims to enhance customer experiences, simplify application development, and create new revenue opportunities for the global telecom ecosystem.
The collaboration focuses on enabling ‘Network as a Platform’ (NaaP) models, allowing Communication Service Providers (CSPs) to expose and consume network capabilities through standardized APIs. By joining the initiative, HCL Tech strengthens its role as a trusted technology partner in driving openness, monetization, and innovation across telecom networks.
As one of the fastest-growing global system integrators (SIs) in the telecom industry, HCL Tech will leverage its advanced solutions, domain expertise, and integration experience to help scale the initiative worldwide.
HCL Technologies provides a wide range of IT and business services, engineering and R&D solutions, and modernized software products with a focus on IP-led innovation.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.