HCL Tech rides on Ford buzz
By
Research Desk
about 11 years ago
HCL Tech is rallying very strong today, opening higher at Rs.787 and going on to hit an intra day high at Rs.792.65 and it currently remains around the same levels at Rs.790, up 2%.
The stock is up on buzz that the company has bagged a multi-year infrastructure management services contract from US-based automaker Ford Motor Company. This is stated to be a 5-year contract and is valued at around Rs.544 crore. There has been no denial or affirmation yet from the company on the same.