Investors are buying HCL Infosystems on reports that suggest sales teams of HCL Tech and the company have started working together, reviving up talk of a possible integration. Shares of HCL Infosystems rallied 16 percent intraday on Monday.
However, management of HCL Infosystems has confirmed the companies are collaborating, but it denied market buzz of a possible merger.
HCL Infosystems is the managed services provider for UID Aadhar.
At 13:39 hrs the stock was quoting at Rs 28.90, up Rs 3.30, or 12.89 percent on the BSE.
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