01-01-1970 12:00 AM | Source: Accord Fintech
Mindtree trades higher on entering into multi-year partnership with Knauf
News By Tags | #3931 #572

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

Mindtree is currently trading at Rs. 2008.00, up by 19.55 points or 0.98% from its previous closing of Rs. 1988.45 on the BSE.

The scrip opened at Rs. 1996.80 and has touched a high and low of Rs. 2021.00 and Rs. 1977.00 respectively. So far 17650 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2038.00 on 17-Mar-2021 and a 52 week low of Rs. 691.95 on 03-Apr-2020.

Last one week high and low of the scrip stood at Rs. 2038.00 and Rs. 1854.05 respectively. The current market cap of the company is Rs. 33130.09 crore.

The promoters holding in the company stood at 61.03%, while Institutions and Non-Institutions held 23.89% and 15.08% respectively.

Mindtree has entered into multi-year partnership with Knauf, a global manufacturer of building materials and construction systems. As Knauf’s preferred supplier, Mindtree will help accelerate the company’s IT transformation, building a future-ready technology core, driving innovation, reducing time to market, and improving operating efficiency.

Knauf, known for providing customers with the highest quality products, delivers compatible system solutions for construction that live up to the strictest demands in innovation, energy efficiency, cost-effectiveness, performance, and design quality. As a result of growth, as well as changing customer expectations, Knauf is transforming its enterprise architecture, amongst others by adopting new technologies, to better support business growth. The engagement will leverage industry-leading IT platforms and will also help Knauf complete post-merger technology integrations.  

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