HCL Tech hits new high on 5-year deal with US-based MKS Instruments

Shares of HCL Technologies hit a new high of Rs 1,315.10, up 3 per cent on the BSE in intra-day trade on Tuesday after the company announced a five-year digital transformation deal with US-based MKS Instruments, a global provider of instruments, systems, subsystems and solutions for advanced manufacturing processes.

In the past one month, the stock of information technology (IT) consulting and software firm has rallied 18 per cent, as compared to a 6 per cent rise in the S&P BSE Sensex.

“HCL will drive digital and cloud-enabled transformation for MKS Instruments through AI/ML-led automation, enhanced user experience with end-to-end Infrastructure services, digital workplace services and IT transformation,” the company said in a statement on Monday after market hours.