The stock witnessed an uptrend and had surged as much as 4.93 per cent during the day to touch an intra-day high of Rs 1,546 after news surfaced that HCL Technologies founder Nadar seeking potential buyers for the country's fourth largest software services exporter, HCL Technologies.
However, at the end of todays trading the stock was quoted at Rs 1538.25, higher by 2.92 per cent on the BSE. Accordingly the market capitalisation of the company increased by Rs 4,654 crore to Rs 1,07,559 crore.
Meanwhile, the Shiv Nadar-led HCL Corporation, the firm that controls HCL Technologies and former PC maker HCL Infosystems, today said there are no plans to sell its IT services firm.
"HCL Corporation denies any plans to exit HCL Technologies," it said in a statement.
Founded in 1991, HCL Technologies provides IT and engineering services expertise covering financial services, manufacturing, consumer services, public services, and healthcare among others.
With a turnover of USD 5 billion, the firm has global offshore infrastructure and network of offices in 31 countries and employs over 88,000 people.