Tech Mahindra inches up on inking partnership pact with Terumo BCT

10 Oct 2017

Tech Mahindra is currently trading at Rs. 463.85, up by 0.30 points or 0.06% from its previous closing of Rs. 463.55 on the BSE.

The scrip opened at Rs. 463.00 and has touched a high and low of Rs. 465.05 and Rs. 461.80 respectively. So far 81306 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 515.30 on 21-Feb-2017 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. 468.00 and Rs. 447.30 respectively. The current market cap of the company is Rs. 45205.11 crore.

The promoters holding in the company stood at 36.16%, while institutions and non-institutions held 49.75% and 14.09% respectively.

Tech Mahindra has entered into partnership pact with medical devices company Terumo BCT. As Terumo’s global Innovation and Development (I&D) partner, Tech Mahindra will provide medical device engineering services out of a dedicated Offshore Development Centre (ODC) at its Bengaluru campus.

This partnership extends Tech Mahindra’s existing relationship with Terumo BCT. This initiative with Tech Mahindra is designed to extend Terumo BCT’s global development capabilities with a particular focus on India.

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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Tech Mahindra Share Price

752.05 -6.95 (-0.92%) Nov 15, 18:01
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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