Tech Mahindra gains on inking an agreement with Bombardier

05 Sep 2014

Tech Mahindra is currently trading at Rs. 2518.00, up by 53.15 points or 2.16% from its previous closing of Rs. 2464.85 on the BSE.

The scrip opened at Rs. 2490.00 and has touched a high and low of Rs. 2521.80 and Rs. 2479.55 respectively. So far 5013 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2468.00 on 04-Sep-2014 and a 52 week low of Rs. 1259.40 on 16-Sep-2013.

Last one week high and low of the scrip stood at Rs. 2468.00 and Rs. 2350.00 respectively. The current market cap of the company is Rs. 57916.95 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, specialist in digital transformation, consulting and business re-engineering has signed an agreement with Bombardier Aerospace. As part of this engagement, Tech Mahindra will provide engineering solutions to Bombardier.

Tech Mahindra and Bombardier have signed a mutual agreement that will lead Tech Mahindra to work with Bombardier globally. Tech Mahindra plans to invest significantly in infrastructure and talent in the Montréal region. Tech Mahindra aims to grow its Canada team to 1,200 people in the next five years.

Tech Mahindra is a specialist in digital transformation, consulting and business re-engineering solutions. It is a $3.2 billion company with 92,000+ professionals across 51 countries. It provides services to 632 global customers including Fortune 500 companies.

Related Tech Mahindra Ltd. Links:

Tech Mahindra Share Price

959.50 -8.75 (-0.90%) Mar 05, 18:59
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323