Tech Mahindra rises on plan to offer analytics solutions along with Qlik

19 Feb 2016

Tech Mahindra is currently trading at Rs. 433.75, up by 4.30 points or 1.00% from its previous closing of Rs. 429.45 on the BSE.

The scrip opened at Rs. 429.70 and has touched a high and low of Rs. 434.90 and Rs. 426.30 respectively. So far 21,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 736.23 on 11-Mar-2015 and a 52 week low of Rs. 415.50 on 17-Feb-2016.

Last one week high and low of the scrip stood at Rs. 447.00 and Rs. 415.50 respectively. The current market cap of the company is Rs. 41,957.00 crore.

The promoters holding in the company stood at 36.48% while Institutions and Non-Institutions held 48.94% and 14.50% respectively.

Qlik, a leader in visual analytics and Tech Mahindra, a specialist in digital transformation, consulting, and business re-engineering solutions, have expanded their global alliance. Qlik and Tech Mahindra will work together to bring further value to joint customers through Tech Mahindra’s platform offerings and Qlik’s unique platform approach to visual analytics. As part of this expanded alliance, Qlik’s complete product portfolio of Qlik Sense and QlikView are now fully integrated into both Tech Mahindra’s PRISM Platform, and its iDecisions supply chain solution, which has a cloud-based option.  Both companies will jointly bring these solutions to market and will use their respective strengths to deliver a self-service analytics culture to an extensive set of enterprise-level customers.

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
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