{"id":115034,"date":"2023-12-06T17:10:07","date_gmt":"2023-12-06T11:40:07","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=115034"},"modified":"2023-12-06T17:10:11","modified_gmt":"2023-12-06T11:40:11","slug":"hcl-technologies-shares-jump-after-extending-its-partnership-with-husqvarna-group","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/hcl-technologies-shares-jump-after-extending-its-partnership-with-husqvarna-group\/","title":{"rendered":"HCL Technologies shares jump after extending its partnership with Husqvarna Group"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-722759233\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of the IT giant jumped around 1 percent after the Husqvarna Group selected the company as its exclusive partner for digital transformation. The shares have delivered more than 25 percent returns to its shareholders on a YTD basis.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-58342943\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs. 3.60 lakh crores, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/HCLTECH\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">HCL Technologies Ltd<\/a><\/strong> started Wednesday\u2019s trading session positively at Rs. 1,325 compared to its previous close at Rs. 1,317.55. The shares hit a high of Rs. 1,399, gaining around 1 percent and closed their day at Rs. 1,329.55 apiece.\u00a0<\/p><p>Such a positive movement was observed after the company in an exchange filing mentioned that they have extended its agreement with Swedish manufacturer Husqvarna Group for a strategic digital transformation partnership through artificial intelligence (AI)-based solutions.&nbsp;<\/p><p>Furthermore, the company mentioned that this is the first Indian company to have received a large global IT contract and be Vested certified. The vested approach promotes an environment that aims at not just improving services but also reducing costs and unlocking business values for the companies involved in the deal.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2506600342\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>As per the newly extended five-year agreement, the company will leverage its digital, artificial intelligence (AI), engineering and support services to bring stability to Husqvarna Group\u2019s IT environments with the help of adaptive, personalised, AI-based solutions as well as a collaborative governance framework.&nbsp;<\/p><p>Having a look at the latest financial statements published by the company, the revenues as well as net profits have shown positive movements.&nbsp;<\/p><p>The revenue increased marginally by 1.5 percent from Rs. 26,296 crores in the June quarter to Rs. 26,672 crores during the September quarter. In addition, the net profits increased approximately by 9 percent from Rs. 3,531 crores to Rs. 3,833 crores during the same timeframe.&nbsp;<\/p><p>HCL Technologies Ltd gets revenue from multiple sources mainly through IT and Business services making around 74.6 percent contributing to the company\u2019s revenue, 16 percent from engineering and R&amp;D services and the remaining 9.9 percent from their software.&nbsp;<\/p><p>In the latest quarter, HCL Technologies Ltd won a total of 16 large deals out of which 10 deals in services and the remaining 6 were for software. The orders were received across diverse industries such as life science and healthcare, public services, Technology and services, manufacturing, financial services and others.&nbsp;<\/p><p>Headquartered in New Delhi, HCL Technologies Ltd was incorporated in 1991. The company is a leading global IT services company, that offers an integrated portfolio of services including software-led IT solutions, remote infrastructure management, engineering and R&amp;D services and BPO.&nbsp;<\/p><div class=\"trade-content-10\" id=\"trade-794977403\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written By Vaibhav Patil<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1833242014\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of the IT giant jumped around 1 percent after the Husqvarna Group selected the company as its exclusive partner for digital transformation. The shares have delivered more than 25 percent returns to its shareholders on a YTD basis.&nbsp; With a market capitalization of Rs. 3.60 lakh crores, the shares of HCL Technologies Ltd started [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":15628,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[6662,14963,6661,948,936],"class_list":["post-115034","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-hcl-technologies-latest-news","tag-hcl-technologies-partnership-with-husqvarna","tag-hcl-technologies-share-price","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>HCL Technologies shares jump after extending its partnership with Husqvarna Group - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of the IT giant jumped around 1 percent after the Husqvarna Group selected the company as its exclusive partner for digital transformation. 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