Mumbai: HCL Infosystems’ stocks advanced by over 3.5 percent as Nokia India, now subsidiary of Microsoft Mobile, signed a fresh 3-year contract with the IT services and product distribution company to sell its mobile devices.
During the day, it surged 8.85 percent to Rs 55.30. The scrip ended with a gain of 3.54 percent at Rs 52.60 on the BSE. On the NSE, it went up by 3.43 percent to close at Rs 52.75.
Nokia India has signed a fresh 3-year contract with IT services and product distribution company HCL Infosystems to sell its mobile devices. HCL has been a distributor of Nokia India Sales Pvt Ltd for many years and the new contract is first deal after US tech giant Microsoft acquired devices business of Nokia.
The Indian firm had said in a statement, “NISPL, subsidiary of Microsoft Mobile OY, and HCL Infosystems Ltd have signed a contract that will enhance the footprint of Microsoft Mobile devices across the Organized Trade and General Trade channels and rural India.”
