Tech Mahindra strengthens on launching ‘FEEDS’

19 May 2016

Tech Mahindra is currently trading at Rs. 484.65, up by 1.10 points or 0.23% from its previous closing of Rs. 483.55 on the BSE.

The scrip opened at Rs. 481.10 and has touched a high and low of Rs. 487.50 and Rs. 480.45 respectively. So far 22,062 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 668.75 on 25-May-2015 and a 52 week low of Rs. 407.50 on 29-Feb-2016.

Last one week high and low of the scrip stood at Rs. 494.55 and Rs. 476.40 respectively. The current market cap of the company is Rs. 47,030.58 crore.

The promoters holding in the company stood at 36.44% while Institutions and Non-Institutions held 49.15% and 14.34% respectively.

Tech Mahindra has launched Fresh Produce End to End Digital Supply Chain -FEEDS. This revolutionary initiative manages the food supply chain, which enables companies to transport farm grown produce and deliver it as fresh as if it were grown locally. FEEDS enables business collaboration, maintains product quality and freshness while providing a 15-20% reduction in losses and wastes. Fresh produce is characterized by high perishability, short shelf life and high demand and supply variations. Multiplicity of players, stringent regulatory compliance norms and lack of end-to-end visibility adds to the supply chain complexities; resulting in high wastage and loss of freshness by the time the produce reaches consumers.

FEEDS transforms the fragmented physical supply chain into a Connected Intelligent Digital Supply Chain with the ability to track and maintain freshness at each leg of the supply chain process. This unified platform enables interactions and transactions between various participants of supply chain in real time.

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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