Noida, July 3 (APAC Media): Shares of HCL Technologies climbed more than 4% on Friday, emerging as the top gainer on the Nifty 50 index, after the IT services company announced a $1.14 billion strategic deal with a Europe-based Fortune Global 50 client.
However, despite the day’s gains, the stock has fallen about 31.3% so far in 2026, sharply underperforming the benchmark Nifty 50, which has declined around 7% during the same period.
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The company currently has a market capitalisation of approximately Rs 3.05 lakh crore.
According to a regulatory filing, the contract will run from July 2026 to December 2031, with an option to extend it by another five years.
The company said the deal announced that the deal is worth $1.14 billion during the initial term, representing entirely new business.
In a separate regulatory filing, HCLTech said it has completed the acquisition of Jaspersoft, a business unit of Cloud Software Group.
The transaction was completed at 7:25 p.m. IST on July 2, 2026, with a deemed effective date of July 1, 2026. HCLTech had announced the proposed acquisition on December 22, 2025.
Jaspersoft is a provider of embedded analytics and pixel-perfect reporting software that enables organisations to create reports, interactive dashboards and advanced data visualisations.
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HCLTech had earlier said the acquisition would strengthen the capabilities of Actian, the data & AI division of HCLSoftware, by adding embedded analytics and reporting to its portfolio of metadata management, data catalogue and data governance solutions.
The company said the acquisition is expected to enhance Actian’s end-to-end data management offering while expanding its reach through Jaspersoft’s global developer community of data engineers and architects.
HCLTech added that Jaspersoft’s reporting platform is widely used in regulated industries, including government, banking and financial services, where pixel-perfect reporting is a key requirement.
–ENDS–
Disclaimer:Â Views expressed are those of experts and do not reflect APAC Media. This is for informational purposes only, not financial advice. We are not responsible for investment decisions. Please consult a qualified financial advisor before investing.
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