Tech Mahindra gains on inking strategic teaming agreement with IBM

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

24 Feb 2015 Evaluate

Tech Mahindra is currently trading at Rs 2801.00, up by 19.80 points or 0.71% from its previous closing of Rs 2781.20 on the BSE.

The scrip opened at Rs 2795.00 and has touched a high and low of Rs 2807.20 and Rs 2783.00 respectively. So far 27945 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 2998.00 on 02-Feb-2015 and a 52 week low of Rs 1677.65 on 11-Apr-2014.

Last one week high and low of the scrip stood at Rs 2915.00 and Rs 2765.65 respectively. The current market cap of the company is Rs 67206.02 crore.

The promoters holding in the company stood at 36.74% while Institutions and Non-Institutions held 49.53% and 13.73% respectively.

Tech Mahindra, a specialist in digital transformation, consulting and business re-engineering, has signed a strategic teaming agreement with IBM, one of the world's longtime leading innovators. IBM will work with Tech Mahindra to build a platform for the development of cloud-based apps for its clients on Bluemix Dedicated, a single-tenant version of Bluemix.

Through this alliance, IBM will provide an open, flexible cloud environment to enable Tech Mahindra’s developers to build cloud-native and cloud enabled applications with a scalable model. Tech Mahindra will train 5,000 of its own developers on how to build advanced apps on Bluemix for the hybrid cloud, a combination of public, private and on premise environments that link systems of record such as core banking and accounting systems with systems of engagement, such as mobile, situational and social apps.

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.

Tech Mahindra Share Price

1362.20 -43.00 (-3.06%)

01-Jul-2026 16:59 View Price Chart

Peers

Company Name	CMP
TCS	1982.20
Infosys	985.45
HCL Technologies	1034.90
Wipro	170.05
Tech Mahindra	1362.20
View more..

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