01-01-1970 12:00 AM | Source: Accord Fintech
Mindtree surges on partnering with Duck Creek
News By Tags | #3931 #572

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Mindtree is currently trading at Rs. 2062.55, up by 43.80 points or 2.17% from its previous closing of Rs. 2018.75 on the BSE.

The scrip opened at Rs. 2019.00 and has touched a high and low of Rs. 2074.80 and Rs. 2019.00 respectively. So far 34973 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2275.10 on 12-Apr-2021 and a 52 week low of Rs. 755.75 on 24-Apr-2020.

Last one week high and low of the scrip stood at Rs. 2144.95 and Rs. 1999.85 respectively. The current market cap of the company is Rs. 33936.39 crore.

The promoters holding in the company stood at 61.03%, while Institutions and Non-Institutions held 24.78% and 14.19% respectively.

Mindtree has partnered with Duck Creek to improve customer experience for UPC Insurance customers through the implementation of SaaS-based core systems. This includes policy, billing, claims, data insights, and insurance technology solutions as well as the consolidation of multiple applications on a single integrated platform, made possible with Duck Creek OnDemand, the provider’s SaaS solution for the property and casualty (P&C) insurance industry.

UPC Insurance is a premier specialty underwriter of catastrophe exposed property insurance in the coastal U.S. for personal and commercial properties. With heightening customer expectations around fast and convenient processing of claims, UPC Insurance has successfully modernized its IT systems so that they can improve operational efficiencies and process claims in a matter of minutes instead of hours.

Mindtree is a global technology consulting and services company, helping enterprises marry scale with agility to achieve competitive advantage.