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Home » business » HCL Technologies share hit all-time high today, know why?

HCL Technologies share hit all-time high today, know why?

Earlier, the stock opened at Rs 796.90 against Rs 789.35 on BSE. However, the stock hit ab all-time high of Rs 817.8, rising up to 3.56%. It should be noted that the HCL Technologies share is rising at a high rate of 52.23% as compared to last year and has gained a profit of 41.49% since the beginning of this year.

By Newsd
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HCL Technologies share hit all-time high today, know why?

HCL Technologies share is all-time high today after the firm expanded its partnership with Google Cloud to bring HCL’s Actian portfolio, starting with ActianAvalanche, to Google Cloud. The IT company gained today after two days of consecutive fall.

Earlier, the stock opened at Rs 796.90 against Rs 789.35 on BSE. However, the stock hit ab all-time high of Rs 817.8, rising up to 3.56%. It should be noted that the HCL Technologies share is rising at a high rate of 52.23% as compared to last year and has gained a profit of 41.49% since the beginning of this year. The market cap of HCL has risen to Rs 2.18 lakh crore and it climbed 11% in just one month.

A total of 2.79 lakh HCL Tech shares changed hands amounting to the turnover of Rs 22.57 crore on BSE.

According to the Indian IT firm, “HCL Technologies (HCL), a leading global technology company, and Google Cloud today announced the expansion of their strategic partnership to bring HCL’s Actian portfolio, starting with ActianAvalanche, to Google Cloud. Actian Avalanche is a high-performance hybrid cloud data warehouse designed to power an enterprise’s most demanding operational analytics workloads. Actian Avalanche enables a seamless path to migrate legacy data warehouses, including IBM Netezza and Oracle Exadata, to Google Cloud, through a hybrid-cloud offering leveraging Google Cloud’s Anthos application platform.

On September 14, the stock was highest of Rs Rs 807.8, rising up to 12.03%. The firm said, “We expect the revenue and the operating margin for the current quarter (September’20) to be meaningfully better than the top end of the guidance we had provided in July 2020. We have seen strong execution during the quarter to date, and continue to execute to the plan this month.”

Also read: HCL Technologies to set up global delivery centre in US

Also read: HCL brings its hybrid Cloud data warehouse to Google Cloud

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