HCL Technologies gains on eyeing to double semiconductor services business in 3-4 years
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HCL Technologies is currently trading at Rs. 1131.35, up by 12.20 points or 1.09% from its previous closing of Rs. 1119.15 on the BSE.
The scrip opened at Rs. 1125.05 and has touched a high and low of Rs. 1148.00 and Rs. 1125.05 respectively. So far 55823 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. 1148.00 and Rs. 1068.85 respectively. The current market cap of the company is Rs. 308000.99 crore.
The promoters holding in the company stood at 60.72%, while Institutions and Non-Institutions held 34.17% and 5.11% respectively.
HCL Technologies is eyeing to double semiconductor services business in 3-4 years following capabilities that it will develop around electronic chip plants to be set by its group firm. HCL Group is among the companies that have applied to set up electronic chip plants under the Scheme for Compound Semiconductors and HCL Technologies will assist HCL Corporate in end-to-end processing of chips.
HCL Group is planning to set up a chip wafer fabrication unit for 65 nanometre nodes that are used in automobile, consumer durables and low-cost devices segment. HCL Technologies currently works with semiconductor players like Intel, NXP, Taiwan Semiconductor Manufacturing Company (TSMC), and Applied Materials in the electronic chip production.
HCL Technologies is a leading global IT services company that helps global enterprises reimagine and transform their businesses through digital technology transformation.
