MindTree hits a record high

The company announced a partnership with SAP to drive customers' SAP cloud, mobile strategy.

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SI Reporter Mumbai
Last Updated : Sep 18 2013 | 12:52 PM IST
MindTree is trading higher by 3% at Rs 1,114, extending Tuesday’s nearly 2% gain, after the company announced a partnership with SAP America to enable customers execute their Cloud strategies on SAP's cloud applications like SuccessFactors and mobile platforms.

The new alliance will help Mindtree's customers take advantage of its expertise in application development and deployment on cloud and mobile platforms, a global information technology solutions company said in a statement.

The partnership will complement SAP's product landscape to provide best- in-class human capital management (HCM), mobile and analytics solutions on premise and on cloud.

The stock opened at Rs 1,080 and hit a new high of Rs 1,115 on NSE. As many as a combined 193,000 shares change hands on the counter till noon deals against an average sub 100,000 shares that were traded daily in past two weeks on NSE and BSE.
 
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First Published: Sep 18 2013 | 12:27 PM IST

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