Mumbai: HCL Infosystems stock surged nearly 6 percent on Wednesday following its tie up with technology major Dell for a strategic distribution partnership.
After climbing 7.7 percent to Rs 36.35 in intra-day session, shares of HCL Infosystems ended at Rs 35.70, up 5.78 percent, on the BSE.
At the NSE, the scrip closed 5.47 percent higher at Rs 35.65.
"HCL rose more than 7 percent in the day after IT major Dell declared its strategic partnership with the company," said Hiren Dhakan, Associate Fund manager, Bonanza Portfolio Ltd.
Yesterday, the stock had gained 6 percent following the announcement.
Technology major Dell yesterday announced it has entered into a strategic distribution partnership with HCL Infosystems Ltd to distribute Dell's entire range of hardware and software Products.
HCL Infosystems will leverage its pan-India network of partners to distribute the products, Dell had said in a release.
The strategic partnership will widen the reach of Dell's products, especially in tier II and tier III locations across the country, the release said, adding that the partnership also involves comprehensive Go-to-Market initiatives and activities.
In the broader market, the BSE 30-share Sensex ended 146.15 points up at 26,832.66.
