HCL Tech gains on reports of order from Ford

Posted By:
Subscribe to GoodReturns

 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.


Read more about: hcl tech
Story first published: Thursday, March 28, 2013, 10:45 [IST]
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'