HCL hits a fresh 52-week high of Rs 1377; IT stocks are on a roll!
HCL Technologies Ltd share price has been creating new highs in September and this time it has come as a cherry on the cake with Sensex crossing the 60,000 mark as of September 24. The stock in the early morning had a sluggish but positive gap-up but soon picked up the pace and had hit the 52-week high of 1377 around 10:10 am, zooming nearly 3.5 per cent.
The company had announced a deal with a period of five years for digital transformation with MKS Instruments Inc on September 20. The stock had rallied by 3 per cent the day after the news was announced. The Sensex is on a roll, credit needs to be given to the IT sector which has been the favourite for the investors.
HCL Technologies Ltd is a global enterprise that empowers businesses with next-generation technology. It offers services through three verticals: IT and business services, engineering and R&D services, and products & platforms.
The stock is trading at Rs 1364.55 as of 11:47 am on the BSE.