Tech Mahindra rises on plan of implementing Oracle Utilities solution at CCWRD

05 May 2015

Tech Mahindra is currently trading at Rs. 615.00, up by 2.20 points or 0.36% from its previous closing of Rs. 612.80 on the BSE.

The scrip opened at Rs. 612.10 and has touched a high and low of Rs. 620.50 and Rs. 612.10 respectively. So far 31994 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 749.50 on 02-Feb-2015 and a 52 week low of Rs. 432.00 on 08-May-2014.

Last one week high and low of the scrip stood at Rs. 626.85 and Rs. 580.80 respectively. The current market cap of the company is Rs. 58895.73 crore.

The promoters holding in the company stood at 36.71% while Institutions and Non-Institutions held 47.90% and 15.39% respectively.

Tech Mahindra, a specialist in digital transformation, consulting and business re-engineering has been selected by Clark County Water Reclamation District (CCWRD) to implement Oracle Utilities Customer Care and Billing solution. CCWRD is a water reclamation utility with offices in Clark County, Las Vegas, Nevada. It is also the largest water reclamation agency in the State of Nevada and manages multiple waste water plant operations across Southern Nevada.

Tech Mahindra’s innovative agile implementation approach will enable Clark County to receive the benefits from the Oracle Utilities Customer Care and Billing solution in a very short time frame. Tech Mahindra is a Platinum level member of Oracle PartnerNetwork (OPN).

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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