The stock soared 9.41 per cent to settle at Rs 47.10 on BSE. During the day, it jumped 17.30 per cent to Rs 50.50.
At NSE, shares of the company surged 9.55 per cent to close at Rs 47. The company's market valuation rose by Rs 91.33 crore to Rs 1,050.33 crore.
The company in July said it was in discussions with the US-based tech giant to distribute its products in India.
In a regulatory filing yesterday, HCL Infosystems said it has signed an agreement for “distribution of iPhone and other Apple products” with Apple India.
It had signed a non-disclosure agreement with Apple India on December 23, 2016 and expressed interest in taking up distribution of Apple products in the country.
Currently, Apple has distribution tie-ups with companies like Ingram Micro, Redington, Rashi Peripherals and Beetel Teletech in India.