HCL Technologies gains on collaborating with Dell Technologies
HCL Technologies is currently trading at Rs. 1113.00, up by 11.80 points or 1.07% from its previous closing of Rs. 1101.20 on the BSE.
The scrip opened at Rs. 1090.20 and has touched a high and low of Rs. 1113.40 and Rs. 1090.20 respectively. So far 23938 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1215.05 on 17-Mar-2022 and a 52 week low of Rs. 875.65 on 29-Aug-2022.
Last one week high and low of the scrip stood at Rs. 1115.00 and Rs. 1068.85 respectively. The current market cap of the company is Rs. 301895.24 crore.
The promoters holding in the company stood at 60.72%, while Institutions and Non-Institutions held 34.17% and 5.11% respectively.
With 5G going mainstream globally, HCL Technologies (HCLTech) has entered into a new collaboration with Dell Technologies to accelerate telecom network modernization for communication service providers (CSPs) and enterprises.
As part of this collaboration, HCLTech will provide end-to-end system integration services for vRAN (virtualized radio access networks), ORAN (open radio access networks), private 5G networks and edge/multi-access edge computing deployments, including telecom network transformation, design, interoperability, optimization and managed services.
Dell Technologies will help CSPs modernize their network infrastructure to transform service delivery and simplify operations by performing platform integration services, including implementing engineered telecom cloud platforms, testing, automation and orchestration. Dell will also provide carrier-grade support and managed services designed for telecom operators and enterprises.
HCL Technologies is a leading global IT services company that helps global enterprises reimagine and transform their businesses through digital technology transformation.