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Tech Mahindra extend gain on implementing MOVES for New Hampshire’s Division of Motor Vehicles

Tech Mahindra Ltd. | IT - Software | IT & ITES | BSE: 532755 | NSE: TECHM

25 Apr 2014 Evaluate

Tech Mahindra is currently trading at Rs. 1770.10, up by 4.15 points or 0.24% from its previous closing of Rs. 1765.95 on the BSE.

The scrip opened at Rs. 1762.00 and has touched a high and low of Rs. 1785.00 and Rs. 1749.00 respectively. So far 15,000 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. 1790.00 and Rs. 1749.00 respectively. The current market cap of the company is Rs. 41,356.00 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 been chosen by New Hampshire’s Division of Motor Vehicles (DMV) to implement its Motor Vehicle Enterprise System (MOVES), a configurable Microsoft Dynamics CRM-based solution. The solution will replace and modernize New Hampshire DMV’s existing legacy system.

The new DMV solution for New Hampshire, based on MOVES, will digitally manage all Driver Licenses, Financials, Financial Responsibility, Hearings, Inventory, Dealers, and Inspection Stations. This is a multi-million deal, and the system will be implemented over a span of 22 months.

Tech Mahindra worked closely with Microsoft in developing the Dynamics CRM-based MOVES solution. This flexible and highly configurable solution, specially designed for Motor Vehicle agencies, will allow the DMV to provide superior customer service, compliance checks, performance measures, and fraud prevention mechanisms. MOVES is built on the premise that in today’s world, business process areas are highly interdependent and individuals interact with the DMV jurisdictions in more than one role and using more than one channel of access.

Tech Mahindra Share Price

1511.85 20.95 (1.41%)

17-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
TCS	2581.65
Infosys	1318.60
HCL Tech.	1442.50
Wipro	204.35
Tech Mahindra	1511.85
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Tech Mahindra extend gain on implementing MOVES for New Hampshire’s Division of Motor Vehicles

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