HCL Technologies soars on entering into agreement with Tenneco
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HCL Technologies is currently trading at Rs. 1008.00, up by 24.55 points or 2.50% from its previous closing of Rs. 983.45 on the BSE.

The scrip opened at Rs. 993.00 and has touched a high and low of Rs. 1013.25 and Rs. 992.25 respectively. So far 122368 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1073.55 on 13-Jan-2021 and a 52 week low of Rs. 399.65 on 03-Apr-2020.

Last one week high and low of the scrip stood at Rs. 1013.25 and Rs. 954.00 respectively. The current market cap of the company is Rs. 274351.54 crore.

The promoters holding in the company stood at 60.33%, while Institutions and Non-Institutions held 35.21% and 4.46% respectively.

HCL Technologies (HCL) has entered into an agreement with Tenneco Inc., a leading Fortune 500 global tier-1 automotive supplier and manufacturer, for a multi-year, integrated application development, modernization, and operations services contract. As part of this engagement, HCL will help Tenneco enhance their IT simplification, modernization and transformation journey while helping to reduce technical complexities and support the global IT application portfolio.

The company’s application modernization approach will be part of the initial acceleration of Tenneco’s application rationalization and modernization initiative. HCL will use its FENIX 2.0 offering, an industry-aligned execution framework that helps organizations reprogram their enterprise architecture and build a roadmap for initiatives for digital transformation objectives. To further transform Tenneco’s operations, HCL will bring in automation through DRYiCE, a suite of organic automation and AI-based transformation products and platforms.

HCL Technologies is a leading global IT services company that helps global enterprises reimagine and transform their businesses through digital technology transformation.
 

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