Tech Mahindra trades in the green on BSE

13 Jun 2014

Tech Mahindra is currently trading at Rs 2022.00, up by 21.65 points or 1.08% from its previous closing of Rs 2000.35 on the BSE.

The scrip opened at Rs 1994.00 and has touched a high and low of Rs 2026.00 and Rs. 1984.00 respectively. So far, 28877 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 2047.90 on 11-Jun-2014 and a 52 week low of Rs 951.05 on 17-Jun-2013.

Last one week high and low of the scrip stood at Rs 2047.90 and Rs 1,904.85 respectively. The current market cap of the company is Rs 47246.61 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 leading $3.1 billon specialist provider of connected solutions to the connected world has entered into a global services alliance agreement with a HPS, the market-leading provider of mission-critical solutions to the cards and payments industry. HPS’ flagship PowerCARD payments technology will now be available to Tech Mahindra's customers worldwide.

The alliance will enable Tech Mahindra's financial institutions and payment processing customers of all sizes to improve their cards and payments businesses by replacing legacy hardware and software with a single, flexible and cost processing effective platform.

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.


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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323