BackHCL Infosystems surges nearly 7% on winning IAF order
HCL Infosystems surges nearly 7% on winning IAF order
Mumbai: Shares of IT hardware firm HCL Infosystems on Friday jumped by nearly 7% in the morning trade on BSE after the company bagged a Rs300 crore order from the Indian Air Force.
The company’s stock advanced by 6.61% to Rs108 on Bombay Stock Exchange (BSE), while on National Stock Exchange (NSE) the stock surged by 7.23% to Rs109 a piece.
The company had on Thursday received an order from the Indian Air Force to deploy Wideband CDMA-based portable wireless network.
According to the deal, the WCDMA network will provide backbone connectivity and ensure video interactivity for video calls, cross connectivity with other communication platforms like IP-based communication within the Air Force Network.
Meanwhile, BSE benchmark index Sensex was trading 179.22 points down at 17,970.65 level at 1107 hours.
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