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BOM:532281

21 stories mentioning BOM:532281Updated 6d ago

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Asia

HCL Technologies Signs MoU With Odisha Government, Sarvam for AI Data Center

HCL Technologies (NSE:HCLTECH, BOM:532281) has signed a memorandum of understanding with the Government of Odisha and Sarvam to establish an AI data center at the upcoming Odisha Sovereign AI Park.The project involves a planned capital outlay of 142.57 billion Indian rupees, including financial assistance from the Odisha government, according to a Friday filing on Indian bourses. The facility will mark HCLTech's first AI data center.Shares of the company rose nearly 2% in recent trade.

BOM:532281NSE:HCLTECH
Research

Prabhudas Lilladher Downgrades HCL Technologies to Hold from Accumulate; Price Target is INR1,160

HCL Technologies (NSE:HCLTECH, BOM:532281) has an average rating of hold and mean price target of 1,265.50 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

BOM:532281NSE:HCLTECH
Research

Citi Downgrades HCL Technologies to Sell from Neutral; Price Target is INR1,040

HCL Technologies (NSE:HCLTECH, BOM:532281) has an average rating of hold and mean price target of 1,263.45 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

BOM:532281NSE:HCLTECH
Research

CLSA Downgrades HCL Technologies to Hold from Accumulate; Price Target is INR1,191

HCL Technologies (NSE:HCLTECH, BOM:532281) has an average rating of hold and mean price target of 1,263.45 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

BOM:532281NSE:HCLTECH
Asia

Nomura Adjusts HCL Technologies' Price Target to INR1,290 From INR1,250, Keeps at Buy

HCL Technologies (NSE:HCLTECH, BOM:532281) has an average rating of hold and mean price target of 1,268.91 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

BOM:532281NSE:HCLTECH
Asia

Jefferies Adjusts HCL Technologies' Price Target to INR1,070 From INR1,165, Keeps at Underperform

HCL Technologies (NSE:HCLTECH, BOM:532281) has an average rating of hold and mean price target of 1,268.91 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

BOM:532281NSE:HCLTECH
Asia

HCL Technologies' Profit Climbs in Fiscal Q1

HCL Technologies (NSE:HCLTECH, BOM:532281) recorded a rise in attributable profit to $488 million in the quarter ended June 30, up from $450 million a year ago.Earnings per share stood at $0.18, an increase from $0.17 in the prior-year period, according to a Monday release.Revenue climbed to $3.65 billion from $3.55 billion previously.

BOM:532281NSE:HCLTECH
Asia

HCL Technologies Bags AI Deal Worth $1.4 Billion; Shares Surge

HCL Technologies (NSE:HCLTECH, BOM:532281) secured an order valued at $1.14 billion from an undisclosed Europe-based Fortune Global 50 company, according to a Friday filing to the Indian stock exchanges.The contract is for establishing an AI-driven operating model for the client's global digital workplace and enterprise networks. Its initial term runs to December 2031 and the contract comes with a five-year extension.Shares jumped nearly 7% in recent trade.

BOM:532281NSE:HCLTECH
Asia

Correction: HCLSoftware Completes Jaspersoft Acquisition; Shares Jump 4%

(Corrects company name in headline and first paragraph).HCL Technologies (NSE:HCLTECH, BOM:532281) said HCLSoftware has completed the acquisition of Cloud Software Group's Jaspersoft.The acquisition is effective July 1, according to a Thursday stock exchange filing.Shares of the company jumped over 4% in morning trade on Friday.

BOM:532281NSE:HCLTECH
Asia

HCL Technologies Completes Jaspersoft Acquisition; Shares Jump 4%

HCL Technologies (NSE:HCLTECH, BOM:532281) has completed the acquisition of Cloud Software Group's Jaspersoft.The acquisition is effective July 1, according to a Thursday stock exchange filing.Shares of the company jumped over 4% in morning trade on Friday.

BOM:532281NSE:HCLTECH
Research

ICICI Securities Downgrades HCL Technologies to Reduce From Hold; Price Target is INR910

HCL Technologies (NSE:HCLTECH, BOM:532281) has an average rating of hold and mean price target of 1,336 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

BOM:532281NSE:HCLTECH
Asia

Nomura Adjusts HCL Technologies' Price Target to INR1,250 From INR1,600, Keeps at Buy

HCL Technologies (NSE:HCLTECH, BOM:532281) has an average rating of hold and mean price target of 1,354.71 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

BOM:532281NSE:HCLTECH
Asia

HCL Technologies Expands Google Cloud, ServiceNow Alliance for Enterprise AI Solutions

HCL Technologies (NSE:HCLTECH, BOM:532281) has expanded its partnership with Google Cloud and ServiceNow to develop and deploy AI agents on the Gemini Enterprise platform.The offering combines Google's AI models with ServiceNow's workflow platform to support enterprise use cases across areas including field services and IT operations, according to a company filing on Thursday. HCLTech said the solutions are designed to help organizations deploy AI tools within existing business processes.The company also introduced a manufacturing-focused assistant aimed at providing operational insights on factory floors.

BOM:532281NSE:HCLTECH
Asia

HDFC Securities Downgrades HCL Technologies to Add from Buy; Price Target is INR1,160

HCL Technologies (NSE:HCLTECH, BOM:532281) has an average rating of hold and mean price target of INR1,397.57, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

BOM:532281NSE:HCLTECH
Asia

HCL Technologies to Support Volkswagen Software Unit's Vehicle Technology Programs

HCL Technologies (NSE:HCLTECH, BOM:532281) has entered into a multi-year agreement with e.solutions, a software company within Volkswagen Group, to support development of in-vehicle digital systems.The engagement covers software engineering work for infotainment and connectivity platforms, including Android Automotive-based applications, the India based technology company said in a Wednesday filing.HCLTech will provide development and integration support for human-machine interface software used across multiple vehicle programs and markets.

BOM:532281NSE:HCLTECH
Asia

HCL Technologies Invests in Sarvam Series B Funding Round

HCL Technologies (NSE:HCLTECH, BOM:532281) served as lead strategic investor in the $300 million series B funding round of Sarvam, the Indian sovereign AI company said Monday.The India-listed IT services and technology company invested $150 million in the first close worth $234 million, which attached a $1.5 billion post-money valuation to Sarvam.Bessemer Venture Partners co-led the round, which also saw participation from existing investors Khosla Ventures and Peak XV Partners.Proceeds were earmarked for the continued research funding of Sarvam's next frontier AI model for cybersecurity use-cases, among others.

BOM:532281NSE:HCLTECH
Asia

Indian Equities Slip Wednesday as IT Stocks Tumble, Oil Prices Rise

Indian equities fell on Wednesday, as IT stocks lost steam, heightened tensions in the Middle East led to rising oil prices, and foreign institutional investor outflows weighed on sentiment.The BSE Sensex slipped 0.4%, or 303.67 points, to finish Wednesday's session at 74,346.17. Likewise, the NSE Nifty 50 tumbled 0.3%, or 77.95 points, to 23,405.60.Investor sentiment dampened as ongoing tensions between the U.S. and Iran led to an increase in oil prices, fueling energy-related pressures, according to a report by The Times of India.Additionally, many IT heavyweights, which had led Tuesday's rally, posted sharp declines.Among the top losers were Tata Consultancy Services (NSE:TCS, BOM:532540), Tech Mahindra (NSE:TECHM, BOM:532755), and HCL Technologies (NSE:HCLTECH, BOM:532281), which plunged over 8%, 6%, and 5%, respectively.Apollo Hospitals Enterprise (NSE:APOLLOHOSP, BOM:508869) led gainers for the day, posting a rise of nearly 3%. Tata Motors Passenger Vehicles (NSE:TMPV, BOM:500570) and InterGlobe Aviation (NSE:INDIGO, BOM:539448) were down around 2% each at the day's close.In corporate news, Bajel Projects (NSE:BAJEL, BOM:544042) bagged a mega engineering, procurement, and construction order for a GIS substation from a data center client in Mumbai. Shares closed 3% higher.Elsewhere, IndiGo, operated by InterGlobe Aviation, said it will discontinue flight operations to and from Manchester effective Aug. 31 amid prolonged airspace restrictions, longer flight times, and higher operating costs.

^BSENifty 50BOM:500570BOM:508869BOM:532281BOM:532540BOM:532755BOM:539448BOM:544042NSE:APOLLOHOSPNSE:BAJELNSE:HCLTECHNSE:INDIGONSE:TCSNSE:TECHMNSE:TMPV
Asia

Indian Equities Rise Tuesday Backed by IT Surge, Trade Talk Optimism

Indian equities rose on Tuesday, turning from four days of losses, supported by a robust end-of-day surge in major IT stocks and high hopes of successful U.S.-India trade negotiations.The BSE Sensex jumped 0.5%, or 382.5 points, to finish Tuesday's session at 74,649.84. Likewise, the NSE Nifty 50 climbed 0.4%, or 100.95 points, to 23,483.55.Investor sentiment improved on hopes of relief from US tariffs following talks between the two nations scheduled for June 2, 3, and 4, according to Business Standard.Additionally, IT heavy-weights led the day's gainers. Tata Consultancy Services (NSE:TCS, BOM:532540), Infosys (NSE:INFY, BOM:500209), and HCL Technologies (NSE:HCLTECH, BOM:532281) closed around 7%, 6%, and 4% higher on Tuesday.The top losers were NTPC (NSE:NTPC, BOM:532555), Axis Bank (NSE:AXISBANK, BOM:532215), and Power Grid Corporation of India (NSE:POWERGRID, BOM:532898), falling about 3%, 2%, and 1% at they day's close.In corporate news, Vedanta's (NSE:VEDL, BOM:500295) shares closed over 1% lower after India's financial investigation agency raided the mining company's premises over alleged foreign exchange violations.The searches were conducted to facilitate an investigation under the Foreign Exchange Management Act, First Post reported.

^BSENifty 50BOM:500209BOM:500295BOM:532215BOM:532281BOM:532540BOM:532555BOM:532898NSE:AXISBANKNSE:HCLTECHNSE:INFYNSE:NTPCNSE:POWERGRIDNSE:TCSNSE:VEDL
Research

JM Financial Downgrades HCL Technologies to Reduce from Add; Price Target is INR1,350

HCL Technologies (NSE:HCLTECH, BOM:532281) has an average rating of hold and mean price target of 1,505.68 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

BOM:532281NSE:HCLTECH
Asia

Indian Equities Fall Sharply on Wednesday as IT Sell-Off, Crude Oil Rebound Weigh

Indian benchmark indices ended lower on Wednesday as a sharp decline in technology stocks and higher crude oil prices pressured the market.The BSE Sensex fell 756.84 points, or 1%, to close at 78,516.49, while the NSE Nifty 50 dropped 198.50 points, or 0.8%, to settle at 24,378.10.There was broad-based selling in IT stocks, as weaker-than-expected earnings startled investors, triggering a sharp pullback across the sector.Sentiment also remained cautious as markets awaited clarity on the next steps in U.S.-Iran negotiations. The U.S. announced an extension of the ceasefire to allow further talks, but the move appeared unilateral, with no immediate confirmation from Iran or Israel.Among stocks, HCL Technologies (NSE:HCLTECH, BOM:532281) plummeted nearly 11% after its March quarter results, released post-market hours on Tuesday, missed estimates despite a rise in profit and revenue.Tech Mahindra (NSE:TECHM, BOM:532755) fell nearly 3% after reporting an increase in fiscal Q4 profit to 13.5 billion rupees from 11.7 billion rupees a year earlier, with revenue also rising.

^BSENifty 50BOM:532281BOM:532755NSE:HCLTECHNSE:TECHM

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