HCLTech Share Price: Shares of HCL Technologies (HCLTech) rallied more than 4% in early trade on Friday after the IT services major announced that it has secured a $1.14 billion (about Rs 9,500 crore)
contract from a Europe-headquartered Fortune Global 50 company to transform and manage its digital workplace and enterprise network operations.
The stock rose as much as 4.36% to Rs 1,125.10 on the NSE following the announcement on Friday, reflecting positive investor sentiment over one of the company’s largest new deal wins.
According to a regulatory filing, HCLTech will establish an artificial intelligence (AI)-driven operating model for the client, leveraging AI to modernise workplace services and enterprise network management. The company, however, did not disclose the identity of the customer.
The agreement has an initial tenure of five-and-a-half years, running from July 2026 to December 2031, with an option to extend the partnership for an additional five years. “The estimated value of the agreement during the initial term is $1.14 billion. This is entirely a net new business for the company,” HCLTech said in its filing.
The mega deal is expected to strengthen HCLTech’s large-deal pipeline and reinforces the growing demand for AI-led digital transformation services among global enterprises, particularly in Europe.
The Nifty IT index was trading higher by 1.7 per cent to 27,420 apiece in the morning trade on Friday.
TCS was up nearly 1 per cent, Infosys rose 0.5 per cent, Wipro traded higher by 1.7 per cent, Oracle Financial Services Software jumped 1.9 per cent, and Persistent Systems soared around 3 per cent.
