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CMC trades higher on the BSE

21 Feb 2013 Evaluate

CMC is currently trading at Rs 1285.00, up by 8.45 points or 0.66% from its previous closing of Rs 1276.55 on the BSE.

The scrip opened at Rs 1270.45 and has touched a high and low of Rs 1285.00 and Rs 1270.45 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 1340.00 and Rs 1261.00 respectively. The current market cap of the company is Rs 3867.95 crore.

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

CMC has been assessed at Level 5 of the Software Engineering Institute’s Capability Maturity Model Integration (CMMI) for Software Development and Services, version 1.3. The scope covers all delivery centres and all types of projects under software solutions and integration services embedded and real-time solutions and engineering services. The appraisal was conducted by KPMG, India; an SEI Partner for CMMI based services.

Developed by Software Engineering Institute (SEI), Carnegie Mellon University, USA, CMMI Maturity Level 5 is the highest level of process maturity that independently verifies an organization’s capabilities to continuously enhance its processes through incremental and innovative process improvements and technological improvements.

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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