Mindteck at 5% UC

Mindteck (India) is an engineering and technology solutions company providing solutions in the storage, medical device, semiconductor and analytical instrument industries.

The company, today morning announced that it has secured a project win with a new European client that provides advanced wafer processing technologies and solutions for the semiconductor and microelectronics industry.

The ten-month project encompasses design and development of common process modules software for metal deposition technology. The company sees this win as “strategic to its growth trajectory” and looks like the market has also given it the go-ahead.

No financial details of this order were given.

The stock price has been on a losing spree for couple of days now but today, it opened almost 4% higher at Rs.25.10 and immediately hit the 5% UC of the day at Rs.25.40.