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Tech Mahindra gains on opening Centre of Excellence in Dublin

17 Jan 2017

Tech Mahindra is currently trading at Rs. 491.70, up by 4.65 points or 0.95% from its previous closing of Rs. 487.05 on the BSE.

The scrip opened at Rs. 488.00 and has touched a high and low of Rs. 494.95 and Rs. 488.00 respectively. So far 30515 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 563.75 on 30-May-2016 and a 52 week low of Rs. 405.10 on 17-Oct-2016.

Last one week high and low of the scrip stood at Rs. 494.95 and Rs. 467.80 respectively. The current market cap of the company is Rs. 48044.20 crore.

The promoters holding in the company stood at 36.24%, while institutions and non-institutions held 49.93% and 13.82% respectively.

Tech Mahindra, a specialist in digital transformation, consulting and business re-engineering, has opened a Centre of Excellence (CoE) in Dublin, Ireland to focus on emerging technologies such as Robotics and Automation, Business Analytics, Cloud Infrastructure and Digital Services. The new CoE would employ around 150 engineers over the next three years and will help the company deliver technology services to clients in Ireland as well as Europe.

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
SEBI Registered: Investment Adviser - INA000013323