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Tech Mahindra gains on plan of significant expansion in Korea

23 Jul 2014 Evaluate

Tech Mahindra is currently trading at Rs. 2150.00, up by 15.05 points or 0.70% from its previous closing of Rs. 2134.95 on the BSE.

The scrip opened at Rs. 2147.90 and has touched a high and low of Rs. 2158.00 and Rs. 2140.00 respectively. So far 16,074 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. 1161.00 on 23-Jul-2013.

Last one week high and low of the scrip stood at Rs. 2158.00 and Rs. 2073.50 respectively. The current market cap of the company is Rs. 50,393.00 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 in digital transformation, consulting and business re-engineering, plans significantly expand in Korea. The company will establish partnerships with local universities, business schools and trade bodies to enable creation of 300 jobs in the next 3 years. This move represents another major investment by the India’s Mahindra Group which is the owner of Ssangyong Motor and already one-of-the largest foreign investors in Korea.

Tech Mahindra in Korea will offer an array of innovative solutions and consulting services focused on meeting the needs of customers in various industries such as Manufacturing, Auto, Aerospace & Defense, Telecom, Oil & Gas, BFSI, Healthcare, Engineering Services, Device Engineering, Telecom and EBS.

Tech Mahindra aspires to be the largest Indian Based System Integrator in Korea by 2017. The company believes that localization is the key to achieve this target and plans to run as a local Korean company in partnership with a Korean conglomerate.

Tech Mahindra first set its foot in Korea in May, 2002. Since then, the company has undertaken multiple projects across industries. The company’s Korean operations have strong capabilities in IT system development and IT service management with service delivery optimization through local delivery centers onsite and offshore.

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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