HCL Technologies: IT stock to watch out for in today’s session
IT stocks were laggards in the January 4 trading session with Infosys being a major drag on the primary indices.
HCL Technologies may see some volatility in today’s session owing to the announcement made by the company on acquiring Butler America Aerospace, LLC an Aerospace & Defense Engineering service provider.
It has announced this acquisition through a disclosure in terms of regulation 30 (4) of the SEBI Regulations 2015 (Listing Obligations and Disclosure Requirements).
The acquisition was completed on January 3, 2017.
HCL Technologies offers services including IT consulting, enterprise transformation, engineering, R&D, remote infrastructure management, and business process outsourcing (BPO).