Tech Mahindra rises on strengthening its presence in Europe

07 May 2015

Tech Mahindra is currently trading at Rs. 611.50, up by 2.50 points or 0.41% from its previous closing of Rs. 609.00 on the BSE.

The scrip opened at Rs. 607.60 and has touched a high and low of Rs. 613.45 and Rs. 600.40 respectively. So far 27064 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. 626.05 and Rs. 599.00 respectively. The current market cap of the company is Rs. 58790.01 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 further extended its presence in Europe by inaugurating a new office space in Göteborg, Sweden. This marks the opening of Tech Mahindra’s first Delivery Center in Sweden, a step towards the company’s commitment to the Göteborg region.

The new office is spread over 1,300 square meters and is well equipped to support 120 employees. This is also a stepping stone to generating new opportunities for job creation and harnessing the rich pool of talent in the region by partnering with local universities.

Tech Mahindra has a robust ecosystem in Europe with over 140 clients and 8 development centers. Europe also contributes 33% of the revenue generated by Tech Mahindra globally powered by 6000 employees across various countries in the region. Tech Mahindra continues to grow and invest in its customer base in the region which includes leading Swedish automobile manufacturers, vendors and local partners.

 

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Tech Mahindra Share Price

771.00 2.80 (0.36%) Sep 30, 11:23
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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