Mumbai, October 23 (Udaipur Kiran) — Shares of HCL Technologies (HCLTech) gained nearly 2.75% in Thursday’s trade after the company announced a strategic partnership with Dubai Islamic Bank (DIB), the world’s first Islamic bank and the largest in the UAE.
The stock was trading at ₹1,528.70, up by ₹40.85, from its previous close of ₹1,487.85 on the BSE. It opened at ₹1,500.80, touched an intraday high of ₹1,533.70, and a low of ₹1,500.80. Over 1.02 lakh shares were traded during the session.
HCLTech’s market capitalization currently stands at ₹4,13,996.75 crore. The stock has a 52-week high of ₹2,011.00 (January 13, 2025) and a 52-week low of ₹1,304.00 (April 7, 2025). During the last week, the scrip traded between ₹1,518.40 and ₹1,479.50.
Promoters hold 60.81%, while institutional and non-institutional investors own 34.47% and 4.72%, respectively.
The new partnership, announced at GITEX GLOBAL 2025, aims to accelerate Artificial Intelligence (AI) adoption across DIB’s ecosystem. The collaboration reinforces DIB’s focus on responsible innovation to shape the future of Islamic finance.
Under the agreement, DIB will leverage HCLTech’s advanced AI capabilities, including AI advisory services and its alliances with global hyperscalers, to deploy AI solutions responsibly, effectively, and at scale.
Through this integration, the bank seeks to enhance customer personalization, operational efficiency, decision-making, and risk and compliance frameworks, while ensuring that AI adoption remains aligned with Shariah principles.
The partnership highlights both organizations’ shared vision of ethical and transparent innovation, positioning DIB as a leader in digital transformation within Islamic banking and reaffirming HCLTech’s global strength in AI-led enterprise modernization.
HCL Technologies continues to offer a comprehensive portfolio of IT and business services, engineering and R&D solutions, and modern software products, driven by innovation and sustainability.
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.