Cigniti Technologies gains on further strengthening partnership with Fortune 500 American retailer
Cigniti Technologies is currently trading at Rs. 592.95, up by 2.65 points or 0.45% from its previous closing of Rs. 590.30 on the BSE.
The scrip opened at Rs. 600.00 and has touched a high and low of Rs. 609.00 and Rs. 591.20 respectively. So far 492 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 670.00 on 15-Nov-2021 and a 52 week low of Rs. 336.30 on 17-May-2022.
Last one week high and low of the scrip stood at Rs. 609.00 and Rs. 566.85 respectively. The current market cap of the company is Rs. 1606.76 crore.
The promoters holding in the company stood at 35.25%, while Institutions and Non-Institutions held 0.74% and 64.01% respectively.
Cigniti Technologies has further strengthened its partnership with a leading American retailer by ensuring superior digital experience to their customers and by accelerating their digital ambitions. The Fortune 500 American retailer and Cigniti recently celebrated their 1st anniversary of the partnership, and they see tremendous scope for growth via digitalization that will assure the retailer’s business outcomes at an accelerated pace.
The American retailer is an established sporting goods recreation retailer in the U.S. with nearly close to 260 plus stores across states and a portfolio of 25+ private label brands. It possesses deep consumer connections and growing mobile, omnichannel, and digital capabilities. The company offers a broad assortment of sports and camping equipment, footwear, apparel, and more through its retail and ecommerce platform. The client was looking to accelerate its Digital Transformation initiatives with mobile channel activation, achieve seamless business continuity, elevate its Digital Test CoE, enhance DevOps to integrated DevSecOps, fully automate Data Engineering (Test Data Management) and environment provisioning (Test Environment Management), and set up a real-time dashboard, Verita (Cigniti’s proprietary tool), across small cross-functional teams.
Cigniti Technologies is a Global Leader in Independent Quality Engineering & Software Testing Services, headquartered at Hyderabad, India.