Mindtree rises on inking pact with SAP to enable customers execute their Cloud strategies

17 Sep 2013

Mindtree is currently trading at Rs. 1065.85, up by 1.40 points or 0.13% from its previous closing of Rs. 1064.45 on the BSE.

The scrip opened at Rs. 1066.00 and has touched a high and low of Rs. 1066.00 and Rs. 1035.00 respectively. So far 1593 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1090.00 on 12-Sep-2013 and a 52 week low of Rs. 635.00 on 17-Oct-2012.

Last one week high and low of the scrip stood at Rs. 1090.00 and Rs. 1010.00 respectively. The current market cap of the company is Rs. 4412.72 crore.

The promoters holding in the company stood at 16.80% while Institutions and Non-Institutions held 39.43% and 43.76% respectively.

Mindtree, a global information technology solutions company, has entered into a partnership with SAP America to enable customers execute their Cloud strategies on SAP’s cloud applications like SuccessFactors and mobile platforms. The new alliance will help Mindtree’s customers take advantage of its expertise in application development and deployment on cloud and mobile platforms. The partnership will complement SAP’s product landscape to provide best-in-class human capital management (HCM), mobile and analytics solutions on premise and on cloud.

The company has been an SAP Partner since 2005 and a SuccessFactors product development partner for the past 6 years. It continues to play a critical role in helping customers identify and implement ideal SAP solutions to address their unique business needs.

With a strong SAP consulting talent, domain expertise and industry best practices, Mindtree will enable customers transform their business to achieve desired business growth. The partnership will allow Mindtree to analyze and evaluate the application and business maturity levels and make the transition to the cloud successfully for the customer.

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