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KPIT Cummins Infosystems surges as its SAP ERP goes live for AAI

Date: 05-04-2013

KPIT Cummins Infosystems is currently trading at Rs. 95.75, up by 1.80 points or 1.92% from its previous closing of Rs. 93.95 on the BSE.

The scrip opened at Rs. 94.30 and has touched a high and low of Rs. 97.80 and Rs. 93.70 respectively. So far 21764 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 142.00 on 12-Sep-2012 and a 52 week low of Rs. 73.80 on 13-Apr-2012.

Last one week high and low of the scrip stood at Rs. 101.40 and Rs. 93.30 respectively. The current market cap of the company is Rs. 1841.39 crore.

The promoters holding in the company stood at 24.33% while Institutions and Non-Institutions held 41.05% and 34.62% respectively.

KPIT Cummins Infosystems go live with SAP ERP for the Airport Authority of India (AAI). As a part of E- Governance initiative. AAI decided to implement ERP in HR, Finance, Material Management and Project System functions to improve productivity, efficiency and transparency under the project named “PARIVARTAN”. KPIT was selected as the implementation partner in June 2012. The SAP ERP implementation by KPIT Cummins covers 125 airports across India and is being synchronised with the new financial year.

KPIT Cummins Infosystems, an IT consulting and product engineering partner, is focused on co-innovating domain intensive technology solutions for global automotive & transportation, manufacturing and energy & utilities companies.