HCL Technologies rises on entering into strategic alliance with Volante Technologies

HCL Technologies is currently trading at Rs. 1105.40, up by 7.00 points or 0.64% from its previous closing of Rs. 1098.40 on the BSE.

hcl technologies inches up on the bse
HCL Technologies

The scrip opened at Rs. 1078.20 and has touched a high and low of Rs. 1107.90 and Rs. 1076.30 respectively. So far 26167 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 1203.00 on 05-Apr-2022 and a 52 week low of Rs. 875.65 on 29-Aug-2022.

Last one week high and low of the scrip stood at Rs. 1109.70 and Rs. 1041.50 respectively. The current market cap of the company is Rs. 295016.10 crore.

The promoters holding in the company stood at 60.72%, while Institutions and Non-Institutions held 34.17% and 5.11% respectively.

HCL Technologies (HCLTech) has entered into a strategic alliance with Volante Technologies, the leading global provider of cloud payments and financial messaging solutions. Together, the companies will drive payments modernization to help financial institutions keep up with the fast-paced digital disruption taking place across the industry.

HCLTech will combine its digital and engineering services capabilities with Volante’s cloud-native payments solutions and low-code financial platform. This will enable financial institutions to quickly deploy solutions for instant payments, real-time gross settlement (RTGS) payments, and multiple low and high-value domestic and international payment methods. Moreover, the firms will co-innovate to make their shared vision of payments available to a broader range of customers and financial services organizations.

The companies will jointly develop centers of excellence in India and Romania to support the configuration, customization, integration, and implementation of Volante’s ecosystem of business services for payments modernization. Both organizations are committed to ramping up this multi-regional team of specialists over the next three years.

HCL Technologies is a leading global IT services company that helps global enterprises reimagine and transform their businesses through digital technology transformation.

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