According to block deal data available on the BSE, HCL Corporation sold a total of 45,85,000 shares of HCL Technologies at an average price of Rs 852 per share.
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The firm believes the strategy it has put in place and investments it has made in the past couple of years will help it achieve the target sooner than later
All that happened in the markets today
Infosys was up 0.7 per cent and HCL Technologies was up 0.5 per cent.
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The Noida-based firm reported a PBT of Rs 3,862 cr, up 31.7% YoY, while it remained flat sequentially
All that happened in the markets today
Larger rival TCS had called the move by the US government "unfortunate and unfair"
Indices fall over 2% from day's high
Reliance Industries, Larsen & Toubro Infotech and Dr Lal Pathlabs from S&P BSE500 index hit record highs today.
A key part of firm's business development strategy there will be to use local talent pool of for global assignments
A key part of HCL's business and development strategy in Sri Lanka will be to use local talent pool in the country for global assignments
HCL Tech, Wipro have more than 60% of revenue coming from such contracts, while Infosys has more than 50% share
Staffer placed in isolation ward, firm follows prescribed protocols of sanitisation and contact tracing
FY21 growth outperformance could be a challenge
"We will expand in Canada, France, West Asia, where we have reasonable presence and will continue to expand in South Africa as well," says C Vijayakumar
The company, which posted 15.5 per cent rise in revenue in the December quarter, is also seeing strong growth in the European and US markets.
Polycab India jumped 6 per cent to hit a new high of Rs 1,109 since its listing on April 16, 2019
HCL currently has more than 1,300 professionals trained on Google Cloud