HCL Tech extends agreement with Xerox; stock hits all-time high

HCL Technologies share price clocked an all-time high of Rs 1,757 per share on the BSE in Tuesday’s (August 27) trade. The stock advanced after the information technology company extended its agreement with Xerox.

At around 11:33 AM, HCL Tech shares had pared their gains and were down 0.55 per cent or Rs 9.55 at Rs 1711.35 per share. The market capitalisation of the company stood at Rs 4.64 trillion.

Through an exchange filing, HCL Tech said that with the extension of the agreement, HCL Tech will assist Xerox with its reinvention, which is the fundamental and structural redesign of Xerox, to position the company for a long-term profitable and sustainable growth.