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Tech Mahindra surges on strengthening its footprint in Vietnam

05 Mar 2015

Tech Mahindra is currently trading at Rs. 2910.00, up by 28.40 points or 0.99% from its previous closing of Rs. 2881.60 on the BSE.

The scrip opened at Rs. 2885.00 and has touched a high and low of Rs. 2912.40 and Rs. 2881.00 respectively. So far 7410 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. 2937.00 and Rs. 2740.15 respectively. The current market cap of the company is Rs. 69580.91 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 inaugurated its Vietnam Sales Office in Hanoi, bringing jobs, IT expertise and expanding operations in the country and across the region.

The company has been working with customers in Vietnam since 2012 and has seen an uptick in the number of customers especially in the banking sector in the country, which include a fully state owned bank and other top commercial banks. Tech Mahindra has strong ecosystem in Vietnam consisting of leading product vendors and local partners, developing next-gen solutions for its customers in Vietnam.

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