Mindteck trades jubilantly on the BSE

Mindteck (India) is currently trading at Rs. 61.50, up by 4.15 points or 7.24% from its previous closing of Rs. 57.35 on the BSE.

The scrip opened at Rs. 59.45 and has touched a high and low of Rs. 63.00 and Rs. 58.00 respectively. So far 41389 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 85.00 on 03-Nov-2014 and a 52 week low of Rs. 26.00 on 05-May-2014.

Last one week high and low of the scrip stood at Rs. 64.00 and Rs. 57.00 respectively. The current market cap of the company is Rs. 149.12 crore.

The promoters holding in the company stood at 64.56%, while Non-Institutions held 35.44% stake in the company.

Mindteck (India), a global technology company, is helping to build a world-class research model for building efficiency through its engagement with Singapore-Berkeley Building Efficiency and Sustainability in the Tropics (SinBerBEST), a joint research collaboration between the University of California, Berkeley, Nanyang Technological University(NTU), the National University of Singapore(NUS), and other agencies and groups in Singapore.

The company will develop the required hardware, firmware and applications to monitor and control various building efficiency systems to ensure safe, reliable, energy efficiency operations. The systems are controlled via a centralized server named Mission Control Room. There are test beds that will help execute various scenarios for the building sub-systems via the central server, such as the Sensing Network, Micro-Grid Network, Lighting Control System, Air Conditioning and Mechanical Ventilation, and Geo-fencing.

The company will help SinBerBEST to meet its goal to enable researchers worldwide to conduct experiments remotely, as well as locally, using hardware emulation and simulation at small scale, large scale or any scale in between. The central server will be deployed using cloud to facilitate access across the world. Each of the sub-systems is capable of executing independent operations as well as integrated operations. It brings all of these systems into a single access that allows reaction processing based upon inputs and data exchanged between sub-systems.

Mindteck, a global technology company, has served medical device manufacturers, top-tier semiconductor companies, analytical/scientific powerhouses, equipment OEMs, public sector entities, and service companies in the Global 2000 for over 22 years.