Tech Mahindra rises on the buzz to set up third campus in Odisha in 2018

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

23 May 2017 Evaluate

Tech Mahindra is currently trading at Rs. 413.00, up by 1.10 points or 0.27% from its previous closing of Rs. 411.90 on the BSE.

The scrip opened at Rs. 414.90 and has touched a high and low of Rs. 415.40 and Rs. 411.90 respectively. So far 32,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 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. 444.05 and Rs. 411.15 respectively. The current market cap of the company is Rs. 40,287.00 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 is reportedly planning to set up its third campus in Odisha in 2018. Currently, the IT firm has started work on its second campus and the company would assist the state government in the efforts made to promote start-ups in the state.

Further, the IT company has plans to invest Rs 500 crore on its Odisha centre over the next five years.

Earlier, Tech Mahindra had announced to scale up headcount at its Bhubaneswar centre to 5,000. The headcount would be a mix of IT and ITes (IT enabled services). The company also had an intent to set up a Business Process Outsourcing (BPO) centre in the city.

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

1457.10 -5.95 (-0.41%)

11-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
TCS	2392.45
Infosys	1176.80
HCL Tech.	1194.95
Wipro	196.60
Tech Mahindra	1457.10
View more..

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