HCL Infosystems announced that Apple India has informed the company that the Distribution Agreement for iPhone and other Apple Products with them will end on March 30, 2019. 

The stock had underperformed the market over the past one month till May. 31, 2018, falling 21.13% compared with the Sensex's 0.46% rise. It underperformed the market in past one quarter, declining 35.55% as against 3.33% rise in the Sensex.

Shares of the company gained Rs 0.7, or 1.96%, to trade at Rs 36.50. The total volume of shares traded was 210,710 at the BSE (10.04 a.m., Thursday).