HCL Tech gains on reports of order from Ford

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 HCL Tech gains on reports of order from Ford
HCL Technologies rallied 2 per cent in trade on reports that the firm had bagged an order of $100 million from Ford Motor Co.

Shares in HCL technologies were trading at Rs 790 on the Bombay Stock exchange. The stock is now close to its 52-week high of Rs 805.

Analysts in general are bullish on the technology sector after a spate of good results announced in the 3rd quarter. Also, a smart recovery in the US economy could boost order inflows from the US.

HCL Technologies is India's fourth largest IT Services company.

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Story first published: Thursday, March 28, 2013, 10:45 [IST]
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