HCL Technologies has dipped over 5% to Rs 990 on reports that the information technology company will merge system integration and services business of HCL Infosystems with itself.
Sales teams at HCL Technologies and HCL Infosystems, owned by Shiv Nadar-promoted HCL Corporation, have started working closely for new technology service contracts in India and the Middle East, reviving talk of a possible integration, the Economic Times report suggests.
HCL Infosystems is working towards the goal of merging its system integration and services business with HCL Technologies, added report.
The stock opened at Rs 1,047 and hit a low of Rs 985 on BSE. A combined 1.63 million shares change hands on the counter so far on BSE and NSE.
HCL Infosystems, on the other hand, has rallied 10% to Rs 28.15. The stock opened at Rs 27.60 and touched high of Rs 29.70 on BSE. A combined 1.76 million shares already changed hands on the counter till 1240 hours against an average sub one million shares that were traded daily in past two weeks.
Sales teams at HCL Technologies and HCL Infosystems, owned by Shiv Nadar-promoted HCL Corporation, have started working closely for new technology service contracts in India and the Middle East, reviving talk of a possible integration, the Economic Times report suggests.
HCL Infosystems is working towards the goal of merging its system integration and services business with HCL Technologies, added report.
The stock opened at Rs 1,047 and hit a low of Rs 985 on BSE. A combined 1.63 million shares change hands on the counter so far on BSE and NSE.
HCL Infosystems, on the other hand, has rallied 10% to Rs 28.15. The stock opened at Rs 27.60 and touched high of Rs 29.70 on BSE. A combined 1.76 million shares already changed hands on the counter till 1240 hours against an average sub one million shares that were traded daily in past two weeks.
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