CMC shines on entering into alliance with NSDC to launch ‘UDAAN’ initiative

07 Feb 2013

CMC is currently trading at Rs. 1322.00, up by 10.25 points or 0.78% from its previous closing of Rs. 1311.75 on the BSE.

The scrip opened at Rs. 1320.00 and has touched a high and low of Rs. 1339.95 and Rs. 1320.00 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1446.90 on 14-Jan-2013 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. 1390.40 and Rs. 1296.30 respectively. The current market cap of the company is Rs. 4005 crore.

The promoters holding in the company stood at 51.12% while Institutions and Non-Institutions held 40.33% and 8.55% respectively.

CMC and National Skill Development Corporation (NSDC) have entered into an alliance to launch the UDAAN initiative in Jammu and Kashmir (J&K). The company has inked a memorandum of understanding (MoU) for the same.

Under this initiative, CMC plans to train graduates from J&K in specialized IT skills in the area of Software Engineering, Software Development, Embedded Systems and IT Infrastructure Management through their flagship CMC JET (Job Enablement Training) program that will lead them to careers in the IT Industry. The selected youth will go through a three to four month full time training program in CMC Academy Centers followed by a three month on the job training.

CMC is leading system engineering and Integration Company in India and is a subsidiary of Tata Consultancy Services, Asia’s largest software company. Operating out of 18 offices and 180 services locations in the country, CMC employs over 10,000 people and has a wholly owned subsidiary in USA called CMC Americas, Inc.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323