Shares of HCL Technologies climbed approximately 6% on Friday following the announcement of a major new contract. The Noida-based information technology firm secured a $1.14 billion strategic partnership with a company headquartered in Europe that ranks among the Fortune Global 50.
Under the terms of the agreement, HCLTech will construct an artificial intelligence-driven operating model. This system is designed to transform and manage the client’s global digital workplace infrastructure and enterprise networks.
The news propelled HCLTech shares to lead the gainers list on the BSE Sensex. During trading, the stock reached an intraday peak of ₹1,159.25, representing a jump of 7.58%. By the market close, the share price settled at ₹1,139.85, marking a 5.79% increase. At this valuation, the company’s total market capitalization stood at ₹3.09 lakh crore.
This performance marked a significant turnaround for the IT services provider. The stock had risen nearly 10% over the two trading sessions leading up to Friday. On Thursday, shares had closed 4.12% higher. Prior to that rally, the stock had touched a 52-week low of ₹1,030 on Wednesday before dropping 3.5%.
Despite the recent gains, HCLTech shares remain well below their peak levels. The stock is down 35.6% from its 52-week high of ₹1,770, which was recorded on February 3, 2026. Year-to-date, the shares have declined more than 30%, and they have lost over 3% in the past month. Over the last 12 months, the counter has corrected by 33%.
The broader market also saw modest gains. The BSE Sensex rose 0.34%, or 262.79 points, to finish at 77,763.91. The Nifty50 index gained 0.39%, or 95.15 points, closing at 24,270.85. Other top gainers on the Sensex included Bajaj Finserv, Tech Mahindra, Bharti Airtel, Sun Pharma, and UltraTech Cement.
