CMC gains on launching two vocational education programs in India

CMC is currently trading at Rs. 1210.00, up by 2.50 points or 0.21% from its previous closing of Rs. 1207.50 on the BSE.

The scrip opened at Rs. 1205.00 and has touched a high and low of Rs. 1220.00 and Rs. 1201.20 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1523.00 on 09-Apr-2013 and a 52 week low of Rs. 838.00 on 19-Jun-2012.

Last one week high and low of the scrip stood at Rs. 1300.00 and Rs. 1205.00 respectively. The current market cap of the company is Rs. 3666.30 crore.

The promoters holding in the company stood at 51.12% while Institutions and Non-Institutions held 40.89% and 7.99% respectively.

CMC and Unitec Institute of Technology, New Zealand has launched two vocational education programs aimed at building highly skilled manpower for the Construction Industry and for meeting the demand of high end areas in the IT Industry. These programs would be initially offered at CMC Academy centres in Hyderabad, Chennai and Pune. The one year 'PG Program in Construction Project Management' has been developed in collaboration with leading players in the construction and infrastructure sector and is aimed at developing and sourcing well-grounded construction project managers. The program includes real life project experience and is aimed at Engineering Graduates and Engineering Diploma holders.

The one year 'PG Program in Data Analytics and Cyber Security' is a high end program covering other niche areas like including Adaptive Business Intelligence. With the increasing quantum of data crunching, advent of big data and global need for business intelligence, the demand for highly skilled individuals in the analytics domain is growing rapidly. The PG Programme in Computing offers students an academic pathway to a Master's Degree from Unitec, New Zealand by recognising the prior learning along with work experience. Students would take part in a block module in New Zealand and then complete their degree in India.

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.