HCL Technologies shares hit a 52-week high of Rs 1,257 on 7 September after the company signed a multi-year agreement with German technology and high-tech industry giant Siemens AG.

The company has signed a multi-year managed public cloud services agreement with German technology and high-tech industry giant Siemens AG to modernise its IT landscape worldwide and power cloud-led digital transformation.

The size of the said contract has yet to be disclosed.

The company will focus on automating the public cloud environment while adhering to Siemens’ high-security standards.

The company said in its exchange filing, “HCLTech will migrate and operate Siemens’ infrastructure on AWS and Azure and ensure its cloud resources are optimised, secure and scalable, allowing the company to focus on its core business,”

At 3:30 pm, HCL Tech shares closed at Rs 1,255 or 1.55% above its previous close on NSE.