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Mahindra Satyam firms up on unveiling MOVES for modernizing DMV business operations

Mahindra Satyam Ltd. (Amalgamated) | IT - Software | IT & ITES | BSE: 500376 | NSE: SATYAMCOMP

17 Aug 2012 Evaluate

Mahindra Satyam is currently trading at Rs 97.95, up by 1.20 points or 1.24% from its previous closing of Rs 96.75 on the BSE.

The scrip opened at Rs 97.00 and has touched a high and low of Rs 98.30 and Rs 96.65 respectively. So far 351823 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 2 has touched a 52 week high of Rs 97.70 on 16-Aug-2012 and a 52 week low of Rs 62.10 on 26-Aug-2011.

Last one week high and low of the scrip stood at Rs 98.30 and Rs 91.35 respectively. The current market cap of the company is Rs 11509.47 crore.

The promoters holding in the company stood at 42.64% while Institutions and Non-Institutions held 29.32% and 28.04% respectively.

Mahindra Satyam, a leading global consulting and IT services provider, has unveiled the Motor Vehicle Enterprise Solution (MOVES) for modernizing Department of Motor Vehicles’ (DMV) business operations.

MOVES is based on Microsoft’s Dynamics CRM, robust and flexible software. The company’s partnership with Microsoft has enabled it to develop a low-risk approach to modernize with the reliability and sophistication of an established software platform.

MOVES addresses the needs of financially constrained state and local governments to move into the future with a proven software platform that not only delivers a better DMV customer experience but also reduces the risk of implementation.

Mahindra Satyam is a global business consulting and information technology service company leveraging deep industry and functional expertise, leading technology practices and a global delivery model to help business transform their process and improve performance.

Mahindra Satyam Share Price

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Peers

Company Name	CMP
TCS	2397.30
Infosys	1154.45
HCL Tech.	1203.25
Wipro	199.40
Tech Mahindra	1360.05
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Mahindra Satyam firms up on unveiling MOVES for modernizing DMV business operations

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