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HCL Technologies surges on inking MoU with MADC for expansion of MIHAN campus

HCL Technologies is currently trading at Rs. 1072.00, up by 10.35 points or 0.97% from its previous closing of Rs. 1061.65 on the BSE.

The scrip opened at Rs. 1065.70 and has touched a high and low of Rs. 1073.50 and Rs. 1064.10 respectively. So far 2507 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 1190.00 on 30-Apr-2019 and a 52 week low of Rs. 920.15 on 11-Jan-2019.

Last one week high and low of the scrip stood at Rs. 1089.40 and Rs. 1051.10 respectively. The current market cap of the company is Rs. 145469.94 crore.

The promoters holding in the company stood at 60.00%, while Institutions and Non-Institutions held 36.61% and 3.38% respectively.

HCL Technologies has signed a Memorandum of Understanding (MoU) with Maharashtra Airport Development Company (MADC) for expansion of its MIHAN campus in Nagpur, in-line with HCL’s plan for Tier-II cities in the country. As part of the MoU, the company will acquire 90 acres of land to add to the existing state-of-the-art 50-acre campus in MIHAN.

The company also announced the launch of Tech Bee – HCL’s Early Career Program – a work-integrated career program for students who have completed Class XII. After completion of the program, the students will be deployed at HCL Technologies. They will also have an option to pursue higher education from BITS Pilani and SASTRA University while working.

Further, the company will also conduct a Mega Recruitment Drive in Nagpur on 24-25 August, 2019 at its MIHAN campus. This mega recruitment drive will offer opportunities to Engineering, Non-Engineering, Diploma students as well as students who have completed Class XII to explore career opportunities with HCL.

HCL Technologies is a leading global IT services company that helps global enterprises re- imagine and transform their businesses through digital technology transformation.

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