HCL Technologies Ltd Share Price – NSE  / BSE

IT - Software, Mid Cap

HCLSoftware, the enterprise software products unit of HCLTech, today announced the appointment of Vikrant Chowdhary as Senior Vice-President and Country Head for India.

In this role, Chowdhary will lead HCLSoftware's India region business for growth and innovation across India's critical sectors, including Enterprise, BFSI, and Government segments. Chowdary will play a key role in leading HCLSoftware's Make in India commitment of being the largest India-based global enterprise software products company.

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HCL Technologies (HCLTech) has been selected by the Tasman District Council in New Zealand to provide contemporary digital user experiences to employees and residents of the Tasman district.

HCLTech will leverage Microsoft Dynamics 365 to move the Tasman District Council to an advanced digital system that will drive more meaningful interactions between the Council's 58,000 residents and staff.

The new digital systems will leverage GenAI and automation technologies to ensure that customer processes such as service requests and application lodgments swill be faster and streamlined.

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HCL Technologies Ltd rose for a third straight session today. The stock is quoting at Rs 1841.85, up 3.85% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.85% on the day, quoting at 24419.55. The Sensex is at 80155.08, up 0.85%. HCL Technologies Ltd has added around 3.65% in last one month.

Meanwhile, Nifty IT index of which HCL Technologies Ltd is a constituent, has added around 0.66% in last one month and is currently quoting at 40424.6, up 3.68% on the day. The volume in the stock stood at 21.02 lakh shares today, compared to the daily average of 25.16 lakh shares in last one month.

The benchmark November futures contract for the stock is quoting at Rs 1846.5, up 3.85% on the day. HCL Technologies Ltd is up 44.58% in last one year as compared to a 25.83% gain in NIFTY and a 35.29% gain in the Nifty IT index.

The PE of the stock is 40.75 based on TTM earnings ending September 24.

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HCL Technologies (HCL Tech) announced the creation of a new Singapore-based AI/Cloud Native Lab. HCLTech's Lab in Singapore will be the company's fifth in its global network, expected to open in 2025.

The Lab, joining others in the US, UK, Germany and India, will be supported by EDB and assist enterprises in the region in accelerating their AI initiatives through HCLTech's comprehensive suite of integrated AI and GenAI offerings, including AI Force and AI Foundry.The Lab in Singapore will also partner with Nanyang Polytechnic and Singapore Polytechnic to collaborate on transferring knowledge and nurturing young talent and mid-career individuals In AI.

“Our Labs are a conducive starting point for enterprises that want to embark on a collaborative journey to develop blueprints for AI and GenAI-led efficiencies, new business capabilities, skilling roadmaps and overall organizational competitive advantage with a pragmatic approach,” said Vijay Guntur, Chief Technology Officer and Head of Ecosystems, HCLTech. “We are very excited to add Singapore to our network, which will go a long way in further strengthening Singapore's position as a regional hub for AI innovation,” he added.

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