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Tech Mahindra surges on inking MoU with Wichita State University

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

17 Jul 2014 Evaluate

Tech Mahindra is currently trading at Rs. 2100.00, up by 23.95 points or 1.15% from its previous closing of Rs. 2076.05 on the BSE.

The scrip opened at Rs. 2073.50 and has touched a high and low of Rs. 2100.00 and Rs. 2073.50 respectively. So far 7474 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2180.00 on 03-Jul-2014 and a 52 week low of Rs. 1081.60 on 18-Jul-2013.

Last one week high and low of the scrip stood at Rs. 2100.00 and Rs. 2001.00 respectively. The current market cap of the company is Rs. 48660.21 crore.

The promoters holding in the company stood at 36.15% while Institutions and Non-Institutions held 49.87% and 13.97% respectively.

Tech Mahindra, a specialist provider of connected solutions, has signed a Memorandum of Understanding (MoU) with Wichita State University (WSU), a state educational institution of Kansas in the areas of aerospace engineering, certification, information technology and automotive testing. The company will collaborate with WSU and its National Institute for Aviation Research (NIAR), the largest academic aviation R&D institution in the United States, on multiple areas of engineering including composites, advanced materials and structural testing.

Tech Mahindra plans to invest in equipping the engineering talent available in the region to enhance their employability in the Wichita aerospace community. This investment will enable Tech Mahindra to provide end-to-end solutions from design, to testing and certification for global aerospace & automotive customers and prospects in the region. The collaboration will not only ensure that Tech Mahindra has a local pool of trained aerospace, information technology and automotive engineers available to service their global network of clients; but will also facilitate cooperative initiatives in the area of innovation and R&D projects including possible involvement with WSU’s Innovation Campus.

The partnership will enable WSU to further expand its footprint into the automotive industry, and provide WSU students an opportunity to develop industry skills through involvement in Tech Mahindra research and testing projects.

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
View more..

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Tech Mahindra surges on inking MoU with Wichita State University

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