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Patni moves up on the bourses

18 Aug 2011 Evaluate

Patni is currently trading at Rs. 267.60, up by 1.90 points or 0.72% from its previous closing of Rs. 265.70 on the BSE.

The scrip opened at Rs. 266.00 and has touched a high and low of Rs. 271.35 and Rs. 260.00 respectively. So far 9852 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 509.50 on 3-Nov-2010 and a 52 week low of Rs. 260.00 on 18-Aug-2011.

Last one week high and low of the scrip stood at Rs. 293.30 and Rs. 260.00 respectively. The current market cap of the company is Rs. 3658.12 crore.

The promoters holding in the company stood at 67.10% while Institutions and Non-Institutions held 8.60% and 3.83% respectively. 

Igate Patni, the integrated technology and operations brand providing  business outcome based solutions, has been ranked as a ‘major contender’ in the  Peak Matrix research report titled ‘Global  Finance and  Accounting  Outsourcing (FAO)  service provider  landscape 2011” by  Everest group.

Everest group attributes a number of factors for Igate Patni’s major contender position including growth in new contract signing as well as extension/ renewals, new levels of scale for the combined entity providing rapid runaway for growth and an expanded client base, enhanced service portfolio with business outcomes based pricing, significant investment in technology, tools and platforms and expanded global delivery footprint at onshore and near shore locations.

The Peak Matrix is a framework to assess the absolute market success and overall capability of service providers. Everest’s group latest FAO service provider landscape research report focuses on the service provider market success and capability assessment in 2010, relative position on Everest Group’s PEAK matrix for FAO and various means of differentiation adopted by the service provider amid increasing competition.

Igate Patni is a common brand identity of two organizations- Igate and patni as a result of the acquisition of Patni Computer System by Igate Corporation.

Peers
Company Name CMP
TCS 2577.10
Infosys 1318.90
HCL Tech. 1450.70
Wipro 210.20
Tech Mahindra 1490.90
View more..

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