Stocks of HCL Infosystems rose by over 3.5 percent as Nokia India, now subsidiary of Microsoft Mobile, signed a fresh 3-year contract with the IT services and product distribution company to sell its mobile devices.
HCL Infosystems' Premkumar Seshadri, who will replace Harshavardhan Madhav Chitale as MD from next year, is looking to augment the over Rs 7,000-crore IT hardware maker's go-to-market strategy in distribution business and enhance e-commerce presence.
Homegrown PC maker HCL Infosystems, which competes with multinational giants like HP and Dell, will phase-off its manufacturing business in the next few years to improve margins and increase organisational efficiency.
Shares of IT company HCL Infosystems on Friday declined by over 6 percent to touch the 52-week low after the company posted a standalone loss of Rs 28.67 crore for the three months period ended December 31, 2012.
Royal Bank of Scotland (RBS) today bought a total of 2.5 crore shares in as many as 19 companies including Adani Enterprises, HCL Infosystems and Infosys for a little over Rs 407 crore from ABN Amro Bank.