HCL Technologies shares in September 17, 2020 trade rallied over 3.5% to day's high price of Rs. 817.45 per share on the BSE.
And as per the BSE data after today's surge the stock of HCL Technologies hit a market cap of Rs. 2.2 trillion and entered the club of 10 most valuable companies in India. And with it 3 IT companies are now placed among the 10 most valuable companies including TCS and Infosys.
The surge in the stock of HCL Technologies comes after the company expanded its tie up with Google Cloud for offering accelerated business intelligence solutions.
Also, the company has raised its outlook for the second quarter ending September.
On September 14 the company said it expects the revenue and the operating margin for the July-September quarter (Q2FY21) to be meaningfully better than the top end of the guidance it had provided in July'2020.
"We have seen strong execution during the quarter to date, and continue to execute to the plan this month. The Revenue growth for the current quarter is expected to exceed 3.5 per cent quarter on quarter in constant currency (CC), enabled by broad based momentum across all service lines, verticals and geographies," HCL Technologies said.