STOCK UPDATE
HCL
Technologies Cluster: Ugly
Duckling Recommendation: Buy Price target:
Rs720 Current market price: Rs628
A pact
with Celestica HCL
Technologies (HCLT) has entered into an agreement with
Celestica Inc. to form a joint venture that would offer
complete concept-to-manufacture solutions to original
equipment manufacturers (OEMs) globally. Celestica is one of
the leading electronic manufacturing service (EMS) companies
globally and also has expertise in supply chain management.
The idea behind the joint venture is to leverage Celestica's
strengths (in manufacturing and supply chain management)
jointly with HCLT's capabilities in the engineering service
space (that includes product design services) to provide an
innovative offering (end-to-end solution) to the OEMs
globally. |