HCL Infosystems share price surged more than 8 per cent in the morning trading session after the company said that it has signed a Memorandum of Understanding (MoU) with Omantel.
HCL Infosystems, the premier ICT Services and Solutions Company of India has signed a Memorandum of Understanding (MoU) with Omantel, which is the first telecom operator in the Sultanate to deliver Internet of Things (IOT), Machine to Machine (M2M) services, enhance automation, accelerate efforts to optimise network capabilities and to also roll-out large-scale ICT services and solutions across Oman.
This Memorandum of Understanding is part of Omantel’s strategy to expand business agility and also to deliver innovative offerings and also e-Government solutions to support growth in the increasingly connected as well as knowledge-based economy in Oman. With this MoU, HCL Infosystems a part of HCL Enterprise, a USD 7 billion company has expanded its global presence to enter the market of Oman.
HCL Infosystems is one of the Premier IT Services Companies of India and also a Distribution and Digital Solutions Company, enabling organizations attain and also to sustain competitive advantage by leveraging Information and Communication Technologies. The Company offers a comprehensive and huge portfolio of capabilities spanning IT & System Integration services, digitally-enabled learning and career development solutions to value-added distribution of technology, mobility and consumer products.
HCL Infosystems share price is currently trading at Rs 41.65, up by 5.18 per cent or 2.05 points at the moment. The intraday high and the intraday low of the share are Rs 43.75 and Rs 40.20 respectively. Last one week high and low of the scrip stood at Rs. 43.80 and Rs. 39.20 respectively. The current market cap of the company is Rs. 925.12 crores. The promoters holding in the company stood at 58.04 per cent, while Institutions and Non-Institutions held 3.72 per cent and 38.24 per cent respectively.
HCL Infosystems is one of the top 500 stocks recommended by Dynamic Levels. Get the historical share price performance of the company at HCL Infosystems share price history.
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