CMC has gained on Rail Budget announcement to Introduce System of Speedy Clearances for New Rail Tracks and popularised e-ticketing through mobile phones
CMC is currently trading at Rs 2014.10, up by 50.60 points or 2.58 % from its previous closing of Rs. 1963.50 on the BSE.
The scrip opened at Rs. 1975.00 and has touched a high and low of Rs. 2114.00 and Rs. 1968.50 respectively. So far 10983 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 2049.15 on 01-Jul-2014 and a 52 week low of Rs. 1106.80 on 05-Aug-2013.
Last one week high and low of the scrip stood at Rs. 2049.15 and Rs. 1739.85 respectively. The current market cap of the company is Rs. 6299.37 crore.
The promoters holding in the company stood at 51.12 % while Institutions and Non-Institutions held 38.94 % and 9.94% respectively.
CMC is leading system engineering and Integration Company in India and is a subsidiary of Tata Consultancy Services, Asia’s largest software company. Operating out of 18 offices and 180 services locations in the country, CMC employs over 10,000 people and has a wholly owned subsidiary in USA called CMC Americas, Inc.