Infotech Enterprises trades higher on the bourses

12 Sep 2013

Infotech Enterprises is currently trading at Rs. 188.85, up by 0.60 points or 0.32% from its previous closing of Rs. 188.25 on the BSE.

The scrip opened at Rs. 190.00 and has touched a high and low of Rs. 190.00 and Rs. 185.40 respectively. So far 110 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 211.00 on 19-Nov-2012 and a 52 week low of Rs. 157.00 on 16-May-2013.

Last one week high and low of the scrip stood at Rs. 191.70 and Rs. 180.00 respectively. The current market cap of the company is Rs. 2109.02 crore.

The promoters holding in the company stood at 22.35% while Institutions and Non-Institutions held 36.64% and 41.01% respectively.

Infotech Enterprises has inaugurated a new rolling stock and components (RSC) engineering center for its long standing partner Alstom Transport in Bangalore, India. The company has signed a five-year framework agreement with Alstom for continued support by leveraging its proven expertise and capacity. Infotech has been Alstom’s local engineering partner for more than eight years.

The new RSC engineering center will cover all the engineering areas, with particular focus on the mechanical section. In three years’ time, 350 people will be providing support for Alstom’s development plan in India, a plan based on quality and the continuous improvement of skills. The new RSC engineering center from Infotech will then be able to provide support for all Alstom Transport sites.

Infotech Enterprise is a leading global engineering service company. The company provides services to a wide range of industries - aerospace, rail, automotive, marine, energy, plant engineering, utilities, telecom (operators), government, retail, consumer electronics, medical electronics, semiconductor telecom (manufacturers) and computing industries.

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