HCL Infosystems signs distribution deal with Apple India, stock soars

Shital Jibhe / 22 Aug 2017

HCL Infosystems signs distribution deal with Apple India, stock soars

With HCL Infosystems having signed a distributorship agreement with Apple India Private Limited for the distribution of iPhone and other Apple products, the company’s stock zoomed up by over 13% during Tuesday morning trade.

With HCL Infosystems having signed a distributorship agreement with Apple India Private Limited for the distribution of iPhone and other Apple products, the company’s stock zoomed up by over 13% during Tuesday morning trade. It was trading at Rs 48.60 per share, up by Rs 5.55 or 12.89% as at 1037 hours, on the BSE. 
 
The stock hit its intraday high and low of Rs 50.50 and Rs 48.10 per share, respectively, and attracted a traded volume of 61,89,072 shares and traded value of Rs 3,040.07 lakhs on the NSE. The company had hit its 52-week high of Rs 64.90 on January 25, 2017 and 52-week low of Rs 39.30 on November 21, 2016 on the NSE.

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