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Mindteck soars on establishing subsidiary in the Republic of the Philippines

28 Mar 2016 Evaluate

Mindteck (India) is currently trading at Rs 79.40, up by 1.75 points or 2.25% from its previous closing of Rs. 77.65 on the BSE.

The scrip opened at Rs. 79.00 and has touched a high and low of Rs. 79.80 and Rs. 78.00 respectively. So far 5997 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. 84.90 and Rs. 76.70 respectively. The current market cap of the company is Rs. 197.86 crore.

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

Mindteck has established a subsidiary in the Republic of the Philippines. The new entity, a wholly owned subsidiary of Mindteck Singapore, will have the necessary infrastructure to support a sizeable operation.

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.

Peers
Company Name CMP
TCS 2101.00
Infosys 1050.15
HCL Technologies 1238.00
Wipro 166.00
Tech Mahindra 1530.70
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