Live Markets »News & Advice»Smart Moves»Smart Moves Details
Smart Moves Details
Back

HCL Tech up 4% on $200 mn deal with Disney

SI Reporter/Mumbai 20 Jun 12 | 12:41 PM

HCL Technologies is trading higher by 4% to Rs 490 on reports that information technology (IT) consulting and software firm has signed an IT outsourcing contract worth of over $200 million (Rs 1,100 crore) with Walt Disney.

“Under the Disney deal, HCL will update technological infrastructure and update and support software for the $41-billion company, including its theme parks and resorts businesses," the report suggests.

Related Stories

    No Related Stories Found

Meanwhile, on a speculation of Vineet Nayar quitting and HCL Technologies was set for a management shuffle, the company has clarified and confirms that Mr. Vineet Nayar is and will continue to be the Vice-Chairman and CEO of the company and there is no change in the same.

On the speculations, the stock has fallen more than 4% in past four trading sessions, compared to a marginal 0.12% drop in the benchmark index Sensex.

A combined around 900,000 shares have changed hands on the counter so far on both the exchanges.

 

Sensex

Company Price Gain (%)
H D F C1,105.954.13
GAIL (India)529.153.83
Larsen & Toubro1,654.853.61
Tata Power Co.93.753.36
Tata Steel489.353.15

Poll

Will Nifty October futures end above 8,150?


Online Portfolio

You can create Online Portfolio here using the below button.