Mindtree surges on unveiling first Managed Mobility Offering in Australia

Mindtree is currently trading at Rs. 1440.00, up by 17.75 points or 1.25% from its previous closing of Rs. 1422.25 on the BSE. The scrip opened at Rs. 1435.00 and has touched a high and low of Rs. 1445.00 and Rs. 1428.40 respectively. So far 16009 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1724.95 on 21-Feb-2014 and a 52 week low of Rs. 782.70 on 17-Jun-2013. Last one week high and low of the scrip stood at Rs. 1467.00 and Rs. 1415.10 respectively. The current market cap of the company is Rs. 6008.38 crore. The promoters holding in the company stood at 16.57% while Institutions and Non-Institutions held 46.09% and 37.34% respectively. Mindtree, a global information technology services company, and SAP, market leader in enterprise application software, announced their first Managed Mobility Offering for the Australia market. The company will deliver SAP mobile solutions in the cloud and with a pay- by-usage model. Managed mobility services from Mindtree and SAP enable organizations to rapidly mobilize their business with little complexity, minimal set-up time, and zero infrastructure costs. Mindtree will offer an end-to-end suite of services including consulting, installation, hosting, and maintenance for the SAP Work Manager application in the cloud. In addition, the companies offer a suite of pre-built ready-to-deploy apps that clients can utilize for business scenarios ranging from enabling payments to managing loyalty points. SAP Customer Loyalty, for example, is a customizable mobile application designed to enable consumer-facing brands to build stronger relationships with their customers, as well as boost customer loyalty, transaction volumes, and conversion rates.