HCL Tech rises on expansion plans in the US

The company will expand its global delivery centre in Wake County, North Carolina, US

Shares of HCL Technologies were up over 3% at Rs 1,687, after hitting a record high of Rs 1,711, following the company's plans to expand its global delivery centre in the State of North Carolina, US.

HCL Technologies will expand its existing global delivery centre in Wake County and create an additional 1,237 jobs in Cary by the end of 2018, the company said in a release to the stock exchange.

The company continues to invest in its global delivery footprint in order to enhance value for its clients by developing nearshore capabilities, the release said.

The stock opened at Rs 1,638 and touched a high of Rs 1,710 on the BSE so far. Over 946,000 shares were traded on both the stock exchanges so far.