Tech Mahindra gains on launching Delivery Center in Cincinnati, US

Tech Mahindra Ltd. | IT - Software | IT & ITES | BSE: 532755 | NSE: TECHM

28 Jul 2016 Evaluate

Tech Mahindra is currently trading at Rs. 493.65, up by 1.35 points or 0.27% from its previous closing of Rs. 492.30 on the BSE.

The scrip opened at Rs. 509.75 and has touched a high and low of Rs. 509.75 and Rs. 491.10 respectively. So far 60,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 581.95 on 28-Sep-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. 512.50 and Rs. 491.10 respectively. The current market cap of the company is Rs. 47,924.32 crore.

The promoters holding in the company stood at 36.32%, while Institutions and Non-Institutions held 50.33% and 13.36% respectively.

Tech Mahindra, a specialist in digital transformation, consulting and business re-engineering, has launched its 17th Delivery Center in Cincinnati Blue Ash Area, US to primarily serve its customers with export control services within the A&D Sector. This center is registered with the Department of Defense and this would be Tech Mahindra’s first ITAR capable center in US.

The center will primarily be leveraged to provide Engineering, Big Data and Analytics services to a large conglomerate in the region and also other customers in the US. This move also aligns with the Company’s strategy to build partnerships with local schools / local talent.

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.

Tech Mahindra Share Price

1456.90 -9.95 (-0.68%)

07-May-2026 09:39 View Price Chart

Peers

Company Name	CMP
TCS	2411.50
Infosys	1166.00
HCL Tech.	1184.15
Wipro	198.55
Tech Mahindra	1456.90
View more..

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