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If the bourses remain on the positive track, then the stock price will hit a target above Rs 358.

Shares of the company, on Monday (Dec 07), closed at Rs 346 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 350.50 and a low of Rs 89.10 on BSE.

Current EPS & P/E ratio of the stock stood at 23.35 & 14.89 respectively.

HCL Technologies has signed up a SAP implementation engagement with Sahara Petroleum Services Company (Sapesco).

Sapesco is a multi-disciplined petroleum services company offering services to oil and gas majors in the Middle East and North Africa (MENA) area.

This implementation covers Sapesco’s occurrence in Egypt, Libya and Syria.

HCL AXON, a subsidiary of HCL Technologies, declared that the company has named Jonathan Bobalik as the global vice president of insurance.

Jonathan will look after the strategic growth of HCL AXON within the insurance business.

HCL Technologies, in Nov 2009, received a service deal worth $200 million from Equitable Life Assurance Society. The contract, which starts in March 2011, aims to deliver cost advantages to Equitable Life’s clients via the transfer of core processing and support activities needed to direct its closed book of business.

Nintendo Wii Black has aced the list of the top ten must-have Christmas gifts.

The chart released by Retail Decisions (ReD), a card fraud prevention company and a member of the Interactive Media in Retail Group (IMRG), the body for online retailers, also features other gizmos like Phillips Shaver and iPod Touch.

“Looking at our data, the must-have products criminals have attempted to purchase fraudulently this Christmas are the Toshiba Satellite Laptop L450D, the Sony Play Station Slim and Netbooks. Typically, fraudsters favour the very latest high-value, electronic goods as they tend to have a good resale value on the black market”.

“With more and more consumers taking advantage of the convenience and price savings available online, it is no surprise that today sees the highest sales ever online in a single day. As shoppers go online to bag the Christmas bargains our latest research discovered that nearly three quarters of internet shoppers would be doing half or more of their total Christmas shopping online. If consumers continue to spend at this level we will exceed our December forecast of 5bn pounds.

Stents, normally used to halt tissue growth in arteries, are known to have life threatening side effects such as increasing the likelihood of blood clots and heart attacks. Now, researchers have developed a computer model that explains why those drugs released from stents accumulate in the arteries and cause blood clots.

The model will allow the scientists to predict drug distribution in branched arteries.

The findings explain why drugs can pile up in certain areas, depending on where the stent is placed relative to forks in the artery.

“By observing the arterial drug distribution patterns for various settings, we understood that drug released from the stent does not reach uniformly to all regions of the vessel and this non-uniformity depends on where the stent is placed in the artery as well as the blood flow that is entering the vessel”.

The new study would help stent developers design safer and more effective stents.

It also raises the possibility of designing individualized stents for patients. It could aid the FDA in its approval process for stents.

The results of the study appear in PLoS One.

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