HCLTech secures aviation contract; shares drop 6%
after close1 source ↓written by the desknot a recommendation
- on 4 Feb
- 6%
Shares of HCL Technologies Ltd fell 6% on 4 Feb following a sell-off in US software stocks amid concerns over business viability. HCLTech has been selected by Hong Kong Aero Engine Services Limited to implement its iMRO/4 solution, enhancing MRO operations and compliance with aviation standards. This contract aims to boost operational efficiency and scalability.
Not investment advice. For informational purposes only.