New order boosts HCL Tech

HCL Technologies closed at Rs 355, higher by Rs 6 or 1%, on the BSE. It opened at Rs 350 and touched a high of Rs 357 and a low of Rs 349 during the day. The stock saw trading volumes of 517,850 shares as against the 2-week average of 172,036 shares.

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(Updated at 1042 am)

Information technology major HCL Technologies has moved up after entering into a multi-million pound, five-year technology infrastructure management and transformation engagement with News International, a British subsidiary of News Corporation. The stock is trading at Rs 357, up by Rs 8 or 2%, on the BSE. This also happens to be the 52-week high for the stock.

HCL will manage and transform News International’s datacentre and network environments by migrating operating systems. This will involve transformation projects such as migrating operating systems to lower cost industry standard solutions, business continuity improvements and virtualisation, consolidation and standardisation of storage and servers.

HCL Technologies is already working with other News Corporation companies for their technology infrastructure management requirements.