Hi @srinivasiyer
This question is asked often here on Answers. Check out these previous posts for possible solutions:
http://answers.splunk.com/answers/155083/how-to-add-hyperlinks-for-values-in-dashboards.html
http://answers.splunk.com/answers/168577/can-we-create-a-hyperlink-for-the-column-values.html
I hope these are helpful for ya.
Patrick