Mumbai, October 7 (Udaipur Kiran): Shares of HCL Technologies (HCLTech) edged higher on Monday after the company announced its collaboration with the prestigious MIT Media Lab in the United States to advance next-generation artificial intelligence (AI) and other emerging technologies.
The stock was trading at ₹1,420.60, up ₹3.95 or 0.28%, compared to its previous close of ₹1,416.65 on the BSE. The scrip opened at ₹1,420.45 and touched an intraday high of ₹1,426.55 and a low of ₹1,417.70. Around 4,037 shares were traded on the counter.
The BSE Group ‘A’ stock, with a face value of ₹2, has a 52-week high of ₹2,011.00 (January 13, 2025) and a 52-week low of ₹1,304.00 (April 7, 2025). Over the past week, the stock traded between ₹1,426.55 and ₹1,380.10. The company’s market capitalisation stands at ₹3,86,629.43 crore.
In terms of shareholding, promoters own 60.81%, institutional investors hold 34.76%, and non-institutional investors account for 4.42%.
HCLTech’s participation in the MIT Media Lab, a global hub for cutting-edge research at the Massachusetts Institute of Technology (MIT), underscores its commitment to AI innovation and collaborative R&D. The partnership will allow HCLTech to access MIT’s research ecosystem, connect with faculty and innovators, and co-develop AI-driven projects that can be scaled for real-world impact.
The company stated that this engagement will also strengthen its capabilities in emerging technology areas such as quantum computing, helping it stay at the forefront of technological transformation.
HCL Technologies provides a comprehensive portfolio of IT and business services, engineering and R&D solutions, and IP-led software offerings, catering to global enterprises across industries.
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.
