HCL Info stock surges after contract with Nokia India

By: Gizbot Bureau

Stocks of HCL Infosystems rose by over 3.5 per cent 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.

The scrip ended with a gain of 3.54 per cent at Rs 52.60 on the BSE. During the day, it surged 8.85 per cent to Rs 55.30. On the NSE, it went up by 3.43 per cent to close at Rs 52.75. Nokia India, now subsidiary of Microsoft Mobile, has signed a fresh 3-year contract with IT services and product distribution company HCL Infosystems to sell its mobile devices.

HCL Info stock surges after contract with Nokia India

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"NISPL, subsidiary of Microsoft Mobile OY, and HCL Infosystems Ltd have signed a contract that will enhance the footprint of Microsoft Mobile devices across the Organized Trade and General Trade channels and rural India," the Indian firm had said in a statement yesterday.

HCL has been a distributor of Nokia India Sales Pvt Ltd for many years and the new contract is first deal after US tech giant Microsoft acquired devices business of Nokia.

Source: PTI

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