HCL Tech surges 5% on signing contract with reinsurers Munich Re

In the past one month, HCL Technologies has outperformed the market by surging 18 per cent at the bourses, as compared to 5 per cent rise in the S&P BSE Sensex.

Shares of HCL Technologies surged 5 per cent to hit a new high of Rs 1,168 on the BSE in intra-day trade on Monday, after the company said it has signed a contract with Munich Re, one of the world’s leading reinsurers, to create a nextgeneration digital workplace for its workforce.

“Building on the successes of its strategic digital transformation partnership with Munich Re, HCL will now modernize and standardize workplace services for more than 16,000 employees in 40 countries,” HCL Technologies said in release.

The company further said it will adopt a “glocal” strategy to support Munich