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Tech Mahindra surges on its arm launching Chatbot assisted CRBT solution

10 May 2017

Tech Mahindra is currently trading at Rs. 431.20, up by 6.40 points or 1.51% from its previous closing of Rs. 424.80 on the BSE.

The scrip opened at Rs. 427.90 and has touched a high and low of Rs. 432.00 and Rs. 427.90 respectively. So far 80566 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. 432.00 and Rs. 410.25 respectively. The current market cap of the company is Rs. 41866.01 crore.

The promoters holding in the company stood at 36.21%, while institutions and non-institutions held 50.04% and 13.76% respectively.

Tech Mahindra’s subsidiary - Mahindra Comviva, the global leader in mobility solutions, has launched a chatbot based Caller Ring Back Tone (CRBT) solution to assist subscribers in finding and availing the right content and price points for various offerings. The chatbot aims to provide an intuitive interface with inbuilt recommendation engine capability to suggest content based on usage trends. Its cloud based deployment will help the operators to roll this out rapidly.

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.

Related Tech Mahindra Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323