Major boost in HCL Technologies Market Capitalization

Major boost in HCL Technologies Market Capitalization

Question: Recently to what mark HCL Technologies market capitalization (market-cap) touched for the first time?
a) Rs 3 trillion
b) Rs 2 billion
c) Rs 3.2 billion
d) None of these
Answer: (a)
Related Facts:-

  • HCL Technologies market capitalization (market-cap) touched Rs 3 trillion for the first time.
  • HCL now become the fourth Indian information technology (IT) firm to achieve this milestone after Tata Consultancy Services (TCS), Infosys and Wipro.
  • Shares of HCL Tech hit a fresh record high of Rs 1,118.55, up 2 per cent on the BSE in intra-day trade.
  • This time the company has Surpassed its previous high of Rs 1,101, which it touched on 12th Aug in intra-day deal.
  • HCL Tech is the third-largest Indian IT services organization by revenue, after TCS and Infosys.
  • The company has a strong globally diversified presence and provides comprehensive IT services to an established customer base.
  • It has strong expertise in engineering and R&D services and its end customers are spread across industry segments.

Links:-
https://www.business-standard.com/article/markets/hcl-technologies-becomes-4th-it-firm-to-hit-rs-3-trillion-market-cap-.