CMC rises on inking an agreement with Pingar

16 Feb 2012 Evaluate

CMC is currently trading at Rs. 941.00, up by 3.75 points or 0.40% from its previous closing of Rs. 937.25 on the BSE.

The scrip opened at Rs. 938.00 and has touched a high and low of Rs. 945.00 and Rs. 938.00 respectively. So far 294 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1390.00 on 13-May-2011 and a 52 week low of Rs. 728.00 on 25-Oct-2011.

Last one week high and low of the scrip stood at Rs. 945.80 and Rs. 925.00 respectively. The current market cap of the company is Rs. 2851.23 crore.

The promoters holding in the company stood at 51.12 % while Institutions and Non-Institutions held 40.44 % and 8.43 % respectively.

CMC has inked an agreement with Pingar, a leading provider of unstructured data management solutions at the ‘Leap Forward: Transforming Information: Transforming Business’ event in Bangalore. The agreement which is Pingar's first partnership in India will provide CMC and its enterprise clients with an increased ability to manage unstructured data to gain efficiency and improve the quality of business process, collaboration and content management programs.

The CMC agreement further validates the global enterprise need for unstructured data management solutions that integrate with existing content and database management systems. The agreement between the two companies also represents an efficient reseller channel for Pingar, providing access to a vast network of clients in a number of regions worldwide in industries including: banking and financial services, insurance, government, manufacturing, energy resources and utilities, transportation, shipping, high tech and telecom, retail and fast moving consumer goods, defense and space, and education and training.

CMC is a Tata group firm and subsidiary of the country's top software company TCS. The company operates in four strategic business units namely customer services (CS), Systems Integration (SI), IT enabled Services (ITES) and Education and Training (E&T). The company has pan-India presence that caters to various sectors such as the railways, banks, government entities and other organisations with countrywide operations.

Peers
Company Name CMP
Netweb Technologies 1765.40
DC Infotech and Comm 229.65
Ducon Infra. 7.35
Control Print 922.90
NELCO 758.95
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