SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Mindteck surges on implementing innovative smart parking solution for NDMC

20 Sep 2016 Evaluate

Mindteck is currently trading at Rs. 87.00, up by 8.55 points or 10.90% from its previous closing of Rs. 78.45 on the BSE.

The scrip opened at Rs. 83.70 and has touched a high and low of Rs. 91.65 and Rs. 77.60 respectively. So far 81,000 shares were traded on the counter.

The BSE group 'B' 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. 57.50 on 21-Sep-2015.

Last one week high and low of the scrip stood at Rs. 91.65 and Rs. 74.25 respectively. The current market cap of the company is Rs. 219.19 crore.

The promoters holding in the company stood at 65.22% while Non-Institutions held 34.78% respectively.

Mindteck, a global technology company, has implemented a smart parking pilot project at Connaught Place, C Block, New Delhi, for New Delhi Municipal Corporation (NDMC). This innovative car occupancy detection solution uses both Wi-Fi camera with edge-based video analytics and battery-operated wireless sensors to capture car parking occupancy details, along with a date and time stamp. The sensors, which have multi-year battery life, were tested for Delhi's extreme weather conditions.

The aggregated real-time parking availability information effortlessly integrates with any government-run and third party parking aggregator service via the Application Programming Interfaces (APIs). Service providers can also run analytics on real-time parking data for detecting any revenue leakages and implementing dynamic pricing models. The solution includes a Smart Parking Mobile App that enables motorists to navigate and zero in on the nearest parking in real-time, resulting in reduced fuel consumption and carbon footprint.

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.


Mindteck Share Price

213.05 24.45 (12.96%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
TCS 2581.65
Infosys 1318.60
HCL Tech. 1442.50
Wipro 204.35
Tech Mahindra 1511.85
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×