HCL Technologies

Stocks
1

Tech division of HCL collaborates with Microsoft to accelerate AI-fueled offerings

Tech division of HCL collaborates with Microsoft to accelerate AI-fueled offerings
Tech division of HCL collaborates with Microsoft to accelerate AI-fueled offerings1920×966 159 KB

HCLSoftware, the software business division of HCL Technologies (HCLTech), has entered into collaboration with Microsoft to integrate Microsoft’s Azure OpenAI Service into its software products. By combining HCLSoftware’s expertise in software development and AI with Microsoft’s AI technologies, the two companies aim to create a new generation of intelligent applications that can transform industries.

HCLSoftware will infuse Microsoft’s AI technologies across HCLSoftware’s four clouds: Business Cloud, Hybrid Data Cloud, Create & Compose Cloud, and Intelligent Automation Cloud, thus revolutionizing the way businesses create value for their customers. HCLSoftware also uses GitHub Copilot, an AI-powered coding tool that helps developers write high-quality code faster, reduce time spent on repetitive tasks and focus on more complex problem-solving challenges.

HCL Technologies is one of the leading global IT services companies that ranks among the top four Indian IT services companies in terms of revenues. HCL leverages its extensive global offshore infrastructure and network of offices in 50 countries to provide multi-service delivery in key industry verticals, including manufacturing, financial services, media, telecommunication, healthcare, technology, and public services, among others.

The company provides an array of services including IT infrastructure services, application services, business process outsourcing services, and engineering and R&D services. The company’s client base comprises several marquee clients (Fortune 500) with opportunities to cross-sell and up-sell product offerings.

Today, the stock opened at Rs 1157.95, with a high and low of Rs 1157.95 and Rs 1136.55. The stock closed trading at Rs 1140.90, down by 0.88%.

The stock has a 52-week high of Rs 1,202.70 and a 52-week low of Rs 875.65. The company has a ROCE of 28.3% and an ROE of 23.0% with a market capitalisation of Rs 3,09,873 crore.

In the last one year, the shares of the company have given about 18% returns, and investors should keep a close eye on this stock.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet, and is subject to changes. Please consult an expert before making related decisions.

2

Shares of HCL Technologies rise on extending partnership with Husqvarna Group

About the Partnership

HCL Technologies and Swedish manufacturer Husqvarna Group have extended their strategic IT and digital transformation partnership. In a major milestone for HCLTech, this is the first time a large global IT contract by an India-headquartered technology company has been Vested certified. The Vested approach to drawing up contracts, based on the University of Tennessee’s Haslam College of Business Administration’s award-winning research, fosters an environment of innovation that improves service, reduces costs and unlocks business value for the parties involved in the contract. Vested contracts focus on creating an environment conducive to highly collaborative business relationships.

Under the new five-year agreement HCLTech will leverage its AI, digital, engineering and support services to enhance the resilience and stability of Husqvarna Groups’ IT environments through hyper-personalized, adaptive, AI-based solutions and a collaborative governance framework.

Share price movement
Shares of HCL Technologies is currently trading at Rs 1326.20, up by 8.90 points or 0.68% from its previous closing of Rs 1317.30 on the BSE. The scrip opened at Rs 1320.05 and touched a high and low of Rs 1340 and Rs 1319.30 respectively. So far 68,182 shares have been traded on the counter.

The BSE group ‘A’ stock of face value of Rs 2 has touched a 52-week high of Rs 1350 and a 52-week low of Rs 1011.60. Last one week high and low of the scrip stood at Rs 1350 and Rs 1308.40, respectively. The current market cap of the company is Rs 3,59,777.72 crore. The promoters holding in the company stood at 60.81%, while Institutions and Non-Institutions held 34.44% and 4.75%, respectively.

About the company
HCL Technologies is a leading global IT services company. Enterprises across industries stand at an inflection point. To thrive in the digital age, technologies such as analytics, cloud, IoT, and automation occupy centre stage. To offer enterprises the maximum benefit of these technologies to further their business objectives, HCL offers an integrated portfolio of products and services through three business units. These are IT and Business Services (ITBS), Engineering and R&D Services (ERS), and Products and Platforms (P&P).

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

3

HCL Technology earns top recognition for talent readiness and digital expertise

HCLTech leads in talent readiness & digital capabilities with a strategic focus on AI-powered learning & upskilling.

Leading technology company shines in assessments by Everest Group and Avasant.

About Announcement

HCLTech emerged as a leader and a Star Performer in Everest Group’s Talent Readiness for Next-Generation IT Services PEAK Matrix® Assessment 2023. Furthermore, Avasant’s Digital Talent Capability RadarView 2023–2024 positioned HCLTech as a Leader for the third consecutive year.

Ramachandran Sundararajan, Chief People Officer at HCLTech, emphasizes the company’s strategic focus on talent development. He highlights their substantial investments in advanced AI-powered learning solutions and strategic collaborations with technology providers to continuously upskill their workforce.

HCLTech offers clients a skilled resource pool proficient in next-generation technologies like cloud computing, cybersecurity, and application services. Their commitment to nurturing young talent is evident through initiatives like TechBee and apprenticeship programs. These programs equip young individuals with the skills necessary for global technology careers, while also offering opportunities for higher education and financial independence.

HCLTech leverages a robust ecosystem of academic partnerships and upskilling programs to source talent strategically. Additionally, their “train-hire-deploy” model streamlines the talent acquisition process. The company prioritizes enabling personalized skill development for its workforce. Frameworks are implemented to facilitate non-linear and accelerated career progression, aligning employee aspirations with business needs.

Share Price Movement

At present, the shares of the company are trading at Rs 1643 up by 4.40 points or 0.27% as compared to the previous day’s closing of Rs 1638.60. Today, the share price opened at Rs 1637.90 and touched intraday highs and lows of Rs 1665 and Rs 1635.15 respectively.

About Company

HCLTech is a global technology company, home to more than 224,000 people across 60 countries, delivering industry-leading capabilities centered around digital, engineering, cloud, AI, and software, powered by a broad portfolio of technology services and products. The company works with clients across all major verticals, providing industry solutions for Financial Services, Manufacturing, Life Sciences and Healthcare, Technology and Services, Telecom and Media, Retail and CPG, and Public Services.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet, and is subject to changes. Please consult an expert before making related decisions.

4

HCLTech and CAST expand partnership for custom chips; details inside

This partnership will drive company’s digital innovation through advanced semiconductor solutions.

About the Partnership

HCL Technologies Ltd, a global technology company, and CAST, a semiconductor intellectual property (IP) cores provider, today announced plans to scale their partnership to offer customized chips, enabling original equipment manufacturers (OEMs) across industries to accelerate their digital transformation and automation journeys.

HCLTech will enhance the design verification, emulation, and rapid prototyping of its turnkey system-on-chip (SoC) solutions by leveraging silicon-proven IP cores and controllers from CAST. This collaboration will assist OEMs in various industries, including automotive, consumer electronics, and logistics, in significantly reducing engineering risk and development costs. HCLTech brings decades of expertise in delivering semiconductor SoC solutions to its customers and partners.

Stock Performance

In the latest trading session, HCL Tech’s stock closed at Rs 1,641.95. Opening at Rs 1,654.95 today, the stock is currently trading at Rs 1,610.50, reflecting a 1.92% decrease. The company’s 52-week high stands at Rs 1,696.50, while its 52-week low stands at Rs 1,016.45. HCL Tech currently boasts a market capitalization of approximately Rs 4,37,000 crore. Over the past year, shares have delivered an impressive return of 45.57%, outperforming the BSE IT index and BSE Teck, which saw changes of 28.06% and 27.11%, respectively, during the same period.

About HCL Technologies

HCLTech is a global technology company which is spred to across 60 countries delivering industry-leading capabilities centered around digital, engineering, cloud, AI and software, powered by a broad portfolio of technology services and products. Company work with clients across all major verticals, providing industry solutions for Financial Services, Manufacturing, Life Sciences and Healthcare, Technology and Services, Telecom and Media, Retail and CPG, and Public Services.

About CAST

Computer Aided Software Technologies, Inc. (CAST) is a silicon IP provider founded in 1993. CAST’s ASIC and FPGA IP product line includes microcontrollers and processors; compression engines for data, images, and video; interfaces for automotive, aerospace, and other applications; various common peripheral devices; and comprehensive SoC security modules.

Disclaimer: This post is intended solely for educational purposes. The securities mentioned are for illustrative purposes only and not recommendations. The content is sourced from various secondary sources on the internet and is subject to change. Please consult with a financial expert before making any related decisions.