HCL Technologies surges on entering into strategic partnership with Western Union
HCL Technologies is currently trading at Rs. 1652.85, up by 48.75 points or 3.04% from its previous closing of Rs. 1604.10 on the BSE.
The scrip opened at Rs. 1631.05 and has touched a high and low of Rs. 1659.00 and Rs. 1620.00 respectively. So far 32129 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2011.00 on 13-Jan-2025 and a 52 week low of Rs. 1235.00 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 1659.00 and Rs. 1521.20 respectively. The current market cap of the company is Rs. 442598.78 crore.
The promoters holding in the company stood at 60.81%, while Institutions and Non-Institutions held 34.61% and 4.57% respectively.
HCL Technologies (HCL Tech) and Western Union have entered into strategic partnership to drive innovation and transformation in the financial services industry. The strategic partnership establishes the company as Western Union’s largest preferred partner.
Western Union will leverage HCL Tech’s AI-powered solutions, FENIXAI and AI Force, to accelerate Western Union’s transition to a platform-centric operating model, enabling greater agility and scalability. Western Union will harness HCL Tech’s cutting-edge digital, cloud, and AI solutions to enhance platform and channel capabilities, delivering seamless and innovative customer experiences. HCL Tech will support data driven decision making and increased resilience through enterprise-wide infrastructure transformation.
The company's proven track record in digital engineering will accelerate Western Union’s work to reimagine its technology landscape, implement full stack observability and automation, increase efficiency through AI-assisted methods, and ensure robust and future-ready solutions. Western Union, in collaboration with HCL Tech, will establish an advanced technology center in Hyderabad, India. This will further enhance Western Union's global technology capabilities and create new opportunities for innovation and talent development.
HCL Technologies is primarily engaged in providing a range of IT and business services, engineering and R&D services and modernized software products and IP-led offerings.
