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Mahindra Satyam gains on entering into strategic alliance agreement with CollabNet

14 Jun 2013 Evaluate

Mahindra Satyam is currently trading at Rs. 112.55, up by 0.80 points or 0.72% from its previous closing of Rs. 111.75 on the BSE.

The scrip opened at Rs. 112.75 and has touched a high and low of Rs. 112.75 and Rs. 111.85 respectively. So far 19,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 131.20 on 18-Mar-2013 and a 52 week low of Rs. 75.15 on 26-Jun-2012.

Last one week high and low of the scrip stood at Rs. 114.50 and Rs. 104.55 respectively. The current market cap of the company is Rs. 13,251.00 crore.

The promoters holding in the company stood at 42.63%, while Institutions and Non-Institutions held 39.45% and 17.92% respectively.

Mahindra Satyam, a leading global consulting and IT services provider, has entered into a strategic alliance agreement with CollabNet, the leader for Enterprise Cloud Development, to jointly develop and deliver Enterprise Cloud Development, Agile and DevOps solutions in the cloud services space. Mahindra Satyam and Tech Mahindra will work together with CollabNet under this agreement.

CollabNet’s TeamForge ALM platform aligns with Mahindra Satyam and Tech Mahindra’s vision to drive value for enterprise IT organizations via cloud-based approaches. Both the companies will resell CollabNet’s TeamForge and CloudForge products and services, as-well-as its Agile training services throughout Asia.

Mahindra Satyam is a global business consulting and information technology services company leveraging deep industry and functional expertise, leading technology practices and a global delivery model to help businesses transform their processes and improve performance.

Peers
Company Name CMP
TCS 2524.35
Infosys 1292.35
HCL Tech. 1450.90
Wipro 204.85
Tech Mahindra 1440.40
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