Mindtree soars as Esprit selects it as a strategic IT Partner

07 Nov 2014

Mindtree is currently trading at Rs. 1100.75, up by 22.05 points or 2.04% from its previous closing of Rs. 1078.70 on the BSE.

The scrip opened at Rs. 1081.00 and has touched a high and low of Rs. 1110.00 and Rs. 1081.00 respectively. So far 307404 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1246.05 on 23-Sep-2014 and a 52 week low of Rs. 649.20 on 19-May-2014.

Last one week high and low of the scrip stood at Rs. 1112.25 and Rs. 1046.00 respectively. The current market cap of the company is Rs. 9229.91 crore.

The promoters holding in the company stood at 15.71 % while Institutions and Non-Institutions held 47.14 % and 37.15 % respectively.

Mindtree, a global technology services company, has been selected by the international fashion brand ‘Esprit’ to deliver IT solutions that will make Esprit more competitive. In the first phase of this relationship, Mindtree will monitor and support Esprit’s SAP applications suite for more than 300 directly managed retail stores and over 7,500 wholesale points of sale in Europe.

As part of this multi-year contract, Mindtree will ensure the stability of Esprit’s SAP systems through early detection and resolution of system, functional and process issues. In addition, Mindtree will maintain on-time availability of Esprit’s data and provide flexibility to IT management to meet their business needs. Most importantly, Mindtree will improve the processes service quality, allowing Esprit’s IT team to focus on their strategic business needs without having to worry about the reliability of their SAP systems.

Mindtree is a global information technology consulting firm specializing in corporate IT services and solutions. It provides services such as Application Maintenance Services, Business Intelligence, Mainframe and System I, Infrastructure Management and Technical Support, etc.

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