 "Cambridge Technology hits 52-week high on extending relationship with Schneider Electric")
Shares of Cambridge Technology Enterprises (CTE) are locked in 5% upper circuit at Rs 77.60, also its 52-week high on the BSE, after the company announced its continued engagement with Schneider Electric, a global leader in energy and sustainability management with the goal of helping support their cloud application development, data modelling, and analytic reporting initiatives.
CTE is an IT services leader focused on the convergence of big data and cloud. IT has helped execute several successful projects for Schneider Electric from both the United States and India.
CTE has additionally leveraged its expertise in QC Automation and Application Performance Monitoring to assist Schneider Electric in providing its customers with best-in-class quality energy management solutions, the company said in a press release.
Meanwhile, since August 24, the stock has rallied 56% from Rs 49.70 after Kanchan Sunil Singhania acquired an over one percentage point stake in the company through open market.
Kanchan Sunil Singhania bought 239,409 shares of CTE at price of Rs 49.70 per share, the BSE bulk deal data shows.
Till 12:07 p.m. a combined 31,626 shares changed hands on the counter and there were pending buy orders for 270,511 shares on the BSE and NSE.
CTE is an IT services leader focused on the convergence of big data and cloud. IT has helped execute several successful projects for Schneider Electric from both the United States and India.
CTE has additionally leveraged its expertise in QC Automation and Application Performance Monitoring to assist Schneider Electric in providing its customers with best-in-class quality energy management solutions, the company said in a press release.
Meanwhile, since August 24, the stock has rallied 56% from Rs 49.70 after Kanchan Sunil Singhania acquired an over one percentage point stake in the company through open market.
Kanchan Sunil Singhania bought 239,409 shares of CTE at price of Rs 49.70 per share, the BSE bulk deal data shows.
Till 12:07 p.m. a combined 31,626 shares changed hands on the counter and there were pending buy orders for 270,511 shares on the BSE and NSE.
