On the BSE, 38,000 shares were traded in the counter so far compared with average daily volumes of 70,000 shares in the past two weeks. The stock had hit a high of Rs 1001 and a low of Rs 965 so far during the day. The stock hit a 52-week high of Rs 1,124.50 on 25 September 2018. The stock hit a 52-week low of Rs 854 on 7 December 2017.
HCL Technologies (HCL) said the transaction is expected to close by mid-2019, subject to completion of applicable regulatory reviews. The software products in scope represent a total addressable market of more than $50 billion and include Appscan for secure application development, BigFix for secure device management, Unica (on-premise) for marketing automation, Commerce (on-premise) for omni-channel eCommerce, Portal (on-premise) for digital experience, Notes & Domino for email and low-code rapid application development, and Connections for workstream collaboration. HCL and IBM have an ongoing IP Partnership for five of these products.
On a consolidated basis, HCL Technologies' net profit rose 4.24% to Rs 2,534 crore on 7.08% increase in net sales to Rs 14,860 crore in Q2 September 2018 over Q1 June 2018.
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