Both Tech Mahindra and HCL technologies surge up to 4% on Tuesday as both got some valuable support for the upcoming times.

Tech Mahindra:

The Tech Mahindra’s share price increased 4.5% intraday Tuesday as the BoFAML (Bank of America Merrill Lynch) – a research house has upgraded this stock to purchase from underperform. BoFAML has increased the target price from INR 600 to INR 800 per share.

The share reached its 52-week high INR 729.00 on April 23, 2018. At 21 August 2018 3:59 PM, the share price was quoting INR 709.40 up INR 21.45 or 3.12% on NSE.

HCL Technologies:

The share price of HCL technologies raised 2.2% intraday Tuesday as the company got the approval from the shareholders for buyback of INR 4,000 Crore and approved the buyback on July 12, 2018, by the board of directors.

The shareholders approved the buyback through the postal ballot (including e-voting as well). HCL Technologies announced the launch of HCL TURBO, an end-to-end testing automation platform.

At 21 August 2018 3:59 AM the share price was quoting INR 1,004.60 up INR 16.35 or 1.65% on NSE.