Mindteck rises on entering into alliance with Intel

11 Mar 2016 Evaluate

Mindteck (India) is currently trading at Rs. 80.95, up by 1.05 points or 1.31% from its previous closing of Rs. 79.90 on the BSE.

The scrip opened at Rs. 80.95 and has touched a high and low of Rs. 81.85 and Rs. 79.45 respectively. So far 20385 shares were traded on the counter.

The BSE group 'XC' stock of face value Rs. 10 has touched a 52 week high of Rs. 194.00 on 30-Nov-2015 and a 52 week low of Rs. 54.00 on 07-Sep-2015.

Last one week high and low of the scrip stood at Rs. 91.90 and Rs. 79.00 respectively. The current market cap of the company is Rs. 204.41 crore.

The promoters holding in the company stood at 65.35% while Non-Institutions held 34.65%.

Mindteck has entered into an alliance with Intel that will provide scalable, interoperable solutions to accelerate the deployment of intelligent devices and end-to-end analytics. Close collaboration with Intel and other members will enable the company to innovate with the latest Internet of Things (loT) technologies and deliver faster, reliable and ready-to-deploy solutions. Other benefits include leading-edge solutions, faster time-to-market and design and development expertise.

This alliance will provide company with a market advantage through a solution-centered ecosystem program based on Intel architecture. By aligning with Intel and using standards-based, modular building blocks, the company will be providing its customers with more robust performance, faster time-to-profit, greater opportunity for innovation, easier software development, and a trusted supply line based on the Intel Embedded Platform Roadmap.

Mindteck, a global technology company, provides Product Engineering solutions and Information Technology services to top-tier Fortune 50-1,000 companies, start-ups, leading universities and government entities worldwide. Its depth of knowledge and niche expertise in embedded systems and enterprise applications is complemented by dedicated Centers of Excellence in wireless design and storage testing.

Mindteck Share Price

203.25 -4.25 (-2.05%)
28-Mar-2024 16:01 View Price Chart
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