Patni Computer Systems leads the BSE “TECk” space

23 Sep 2011 Evaluate

Patni Computer Systems is currently trading at Rs 294.70, up by 10.70 points or 3.77% from its previous closing of Rs 284.00 on the BSE.

The scrip opened at Rs 280.00 and has touched a high and low of Rs 297.50 and Rs 279.40 respectively. So far 23361 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs 509.50 on 03-Nov-2010 and a 52 week low of Rs 250.00 on 22-Aug-2011.

Last one week high and low of the scrip stood at Rs 303.00 and Rs 279.40 respectively. The current market cap of the company is Rs 3806.65 crore.

The promoters holding in the company stood at 67.10% while Institutions and Non-Institutions held 8.60% and 3.83% respectively.

The other gainers on the BSE “TECk” space included Dish TV India up by 2.39%, HCL Technologies up by 1.79%. Bharti Airtel up by 1.34%, Zee Entertainment up by 1.28% Tata Teleservices up by 1.46% and Oracle Financial Services Software up by 1.05%.

Recently, Igate Patni, the integrated technology and operations brand providing  business outcome based solutions, has been ranked as a ‘major contender’ in the  Peak Matrix research report titled ‘Global  Finance and  Accounting  Outsourcing (FAO)  service provider  landscape 2011” by  Everest group.

Everest group attributes a number of factors for Igate Patni’s major contender position including growth in new contract signing as well as extension/ renewals, new levels of scale for the combined entity providing rapid runaway for growth and an expanded client base, enhanced service portfolio with business outcomes based pricing, significant investment in technology, tools and platforms and expanded global delivery footprint at onshore and near shore locations.

The Peak Matrix is a framework to assess the absolute market success and overall capability of service providers. Everest’s group latest FAO service provider landscape research report focuses on the service provider market success and capability assessment in 2010, relative position on Everest Group’s PEAK matrix for FAO and various means of differentiation adopted by the service provider amid increasing competition.

Peers
Company Name CMP
TCS 3805.45
Infosys 1451.60
HCL Tech. 1352.30
Wipro 450.90
Tech Mahindra 1285.80
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