Tech Mahindra trades higher on the bourses

02 Mar 2012 Evaluate

Tech Mahindra is currently trading at Rs. 600.60, up by 4.05 points or 0.68% from its previous closing of Rs. 596.55 on the BSE.

The scrip opened at Rs. 602.00 and has touched a high and low of Rs. 603.95 and Rs. 597.60 respectively. So far 2403 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 797.70 on 27-Jul-2011 and a 52 week low of Rs. 524.20 on 30-Sep-2011.

Last one week high and low of the scrip stood at Rs. 616.55 and Rs. 579.25 respectively. The current market cap of the company is Rs. 7622.18 crore.

The promoters holding in the company stood at 70.90% while Institutions and Non-Institutions held 20.14% and 8.97% respectively.

Tech Mahindra’s VAS subsidiary - CanvasM Technologies, has augmented its portfolio with enterprise mobility solution components to successfully collaborate with Telecom Service Providers (TSPs) and enable them to offer mobility solutions to enterprises on software -as-a-service (SaaS), license and project models. The TSPs and their enterprise customers can immensely benefit from the specialized mobility portfolio from CanvasM, an innovative VAS Company.

CanvasM’s significant expertise in developing applications for a plethora of platforms spanning iOS, Android, Blackberry, Windows Mobile, JAVA and Palm, as well as various mobile browser technologies including HTML 5, will help Enterprises to exploit device capabilities right from feature phones, through smart phones to tablets and rugged devices.

Through intrinsic capabilities and strategic partnerships, CanvasM brings suitable solutions for on-boarding Enterprises, IDEs for native, browser & hybrid solutions, connectors to popular COTS Enterprise systems and Mobile Device Management platforms.

Tech Mahindra is a leading provider of solutions and services to the telecommunications industry with a majority stake owned by Mahindra & Mahindra, in partnership with British Telecommunications plc.

Tech Mahindra Share Price

1336.45 6.50 (0.49%)
23-May-2024 15:31 View Price Chart
Peers
Company Name CMP
TCS 3893.80
Infosys 1472.90
HCL Tech. 1353.40
Wipro 466.00
Tech Mahindra 1336.45
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