CMC rises on entering into an alliance with Unitec to offer vocational training in India

CMC Ltd.(Amalgamated) | IT - Hardware | Consumer Durables | BSE: 517326 | NSE: CMC

17 Oct 2012 Evaluate

CMC is currently trading at Rs. 1122.00, up by 3.55 points or 0.32% from its previous closing of Rs. 1118.45 on the BSE.

The scrip opened at Rs. 1120.05 and has touched a high and low of Rs. 1132.00 and Rs. 1120.05 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1191.65 on 15-Oct-2012 and a 52 week low of Rs. 685.00 on 18-May-2012.

Last one week high and low of the scrip stood at Rs. 1191.65 and Rs. 1100.90 respectively. The current market cap of the company is Rs. 3,399.00 crore.

The promoters holding in the company stood at 51.12% while Institutions and Non-Institutions held 40.13% and 8.75% respectively.

CMC has entered into an alliance with Unitec Institute of Technology, New Zealand to offer vocational education and training from CMC Academy centers in India. CMC Academy and Unitec will work together to provide training programs to address the skill gap in areas like Hospitality, organized Retail, Automobile Servicing, Healthcare, contraction technology and textile. Students will be offered world class training which is adapted to the Indian market and industry requirements.

CMC Academy currently offers Job Enablement training in lT, Accounting & Finance and several kill areas through 250 plus training location across India.

Unitec is the largest institute of Technology in New Zealand and the largest provider of trades training. With 2 3,000 students enrolled in 165 courses, it is committed to the delivery of vocational and applied education and practically orientated research.

CMC is a Tata group firm and subsidiary of the country's top software company TCS. The company operates in four strategic business units namely customer services (CS), Systems Integration (SI), IT enabled Services (ITES) and Education and Training (E&T). The company has pan-India presence that caters to various sectors such as the railways, banks, government entities and other organisations with countrywide operations.

CMC Share Price

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Peers

Company Name	CMP
Netweb Technologies	4366.80
Ivalue Infosolutions	255.10
DC Infotech and Comm	279.75
TVS Electronics	489.50
Control Print	659.25
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