HCL Infosystems rebounds from 52-week low on tie-up with Dell India

The stock moved higher by 10% to Rs 35.30, bouncing back 15% from intra-day low of Rs 30.65 on the BSE.

Shares of HCL Infosystems has moved higher by 10% to Rs 35.30, rebounding 15% from intra-day low on the BSE, after the company announced a strategic distribution partnership with Dell India.

Under the partnership, HCL Infosystems will leverage its pan-India network of partners to distribute Dell's entire hardware and software products.

The strategic partnership will significantly widen the reach of Dell's products especially in tier 2 and tier 3 locations across the country. The partnership also involves comprehensive Go-to-Market initiatives and activities.

Both Dell and HCL are committed to expanding the range of solutions and reach in the marketplace in order to expand the customer base and depth of client relationships, HCL Infosystems said in a press release.

The stock opened at Rs 32 and touched a 52-week low of Rs 30.65 on the BSE in early morning trade. The trading volumes on the counter jumped more the doubled with a combined 6.03 million shares changed hands on the NSE and BSE till 1449 hours.