The stock touched a high of Rs 193, up 4.5% from the previous close and a low of Rs 186. It finally ended 2% higher at Rs 190. Around 85,869 shares traded hads at the counter today.
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Updated at 1314 hrs:
HCL Technologies has surged on hopes of inking five deals in the media and entertainment (M&E) space.
The stock opened at Rs 187 and slipped to a low of Rs 186. Therafter the stock gained 3.5% to touch a high of rs 193. It is now up 3.3% at Rs 192. Around 52,504 shares have changed hands at the counter so far.
HCL is in talks with four global companies and one Indian firm and plans to close these deals by the year-end. The deals would mostly be in the range of $50 million and $200 million (Rs 240-950 crore). Further, the company is also working on three frameworks for its M&E business -- ad-scheduling, digital publishing and assets & rights management.
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