Tech Mahindra trades in the green on BSE

15 Apr 2014

Tech Mahindra is currently trading at Rs. 1746.00, up by 6.55 points or 0.38 % from its previous closing of Rs. 1739.45 on the BSE.

The scrip opened at Rs. 1750.00 and has touched a high and low of Rs. 1774.80 and Rs. 1735.05 respectively. So far 238220 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1936.35 on 06-Mar-2014 and a 52 week low of Rs. 895.25 on 21-May-2013.

Last one week high and low of the scrip stood at Rs. 1860.00 and Rs. 1677.65 respectively. The current market cap of the company is Rs. 40652.33 crore.

The promoters holding in the company stood at 36.29 % while Institutions and Non-Institutions held 48.80 % and 14.91 % respectively.

Tech Mahindra, a specialist provider of connected solutions to the connected world has opened a new Belgian delivery center in Antwerp on April 08, 2014. The new facility has the capacity of 120 work stations and is located in the Mensura House at Italielei 2 in Antwerp.

Following the recent opening of a delivery center in Dusseldorf, Germany, this new Belgian facility is the next important milestone in the growth journey as the company derives 31% of its revenues from European markets. The company is already having a development center in Brussels and with the opening of this second Belgian delivery center, the company aims at further growth in the region.

Tech Mahindra is a leading provider of solutions and services to the telecommunications industry with a majority stake owned by Mahindra & Mahindra. The company, since 2002 has operations in China with offices in Beijing, Shanghai, Nanjing and Guangzhou.

Related Tech Mahindra Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323