HCL Tech gains after winning five-year IT services contract

HCL Technologies rose 0.63% to Rs 976.05 at 9:54 IST on BSE after the company said it has been appointed as the strategic IT partner to SAI Global.

The announcement was made during market hours today, 13 August 2015.

Meanwhile, the S&P BSE Sensex was up 210.93 points or 0.77% at 27,723.19.

On BSE, so far 16,000 shares were traded in the counter as against average daily volume of 2.77 lakh shares in the past two weeks.

The stock was volatile. The stock rose as much as 1.04% at the day's high of Rs 980 so far during the day. The stock rose 0.31% at the day's low of Rs 973 so far during the day. The stock had hit a record high of Rs 1,058.20 on 11 March 2015. The stock had hit a 52-week low of Rs 725.18 on 15 December 2014.

Under the terms of the five-year partner agreement, HCL Technologies will provide SAI Global with IT Managed Application Services and Projects.

SAI Global is one of the world's leading risk management solutions providers, working with many of the largest companies around the globe.

On consolidated basis, HCL Technologies' net profit rose 9.68% to Rs 1846.07 crore on 1.61% growth in net sales to Rs 9416.22 crore in Q4 June 2015 over Q3 March 2015.

HCL Technologies is a leading global IT services company working with clients in the areas that impact and redefine the core of their businesses.

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