Tech Mahindra trades with traction on the bourses

14 Jun 2017 Evaluate

Tech Mahindra is currently trading at Rs. 397.75, up by 4.95 points or 1.26% from its previous closing of Rs. 392.80 on the BSE.

The scrip opened at Rs. 393.50 and has touched a high and low of Rs. 398.40 and Rs. 392.30 respectively. So far 48806 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 548.85 on 20-Jun-2016 and a 52 week low of Rs. 357.60 on 29-May-2017.

Last one week high and low of the scrip stood at Rs. 402.80 and Rs. 380.05 respectively. The current market cap of the company is Rs. 38388.83 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 planning to increase headcount by 1,200 more at its Bhubaneswar campus by December this year. It is expected to complete the hiring process by end of this year. The IT company has about 1,100 employees at its Bhubaneswar facility now.

The IT company has bagged contracts from Bharti Airtel and Amazon to start BPO services at the city campus.

Meanwhile, the IT firm has started work on its second development block within the city campus. It is also planning to set up its third development block shortly.

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

1058.45 2.85 (0.27%)
Aug 05, 18:03 View Price Chart
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