Tech Mahindra trades in fine fettle on the bourses

07 Nov 2017 Evaluate

Tech Mahindra is currently trading at Rs. 469.05, up by 8.75 points or 1.90% from its previous closing of Rs. 460.30 on the BSE.

The scrip opened at Rs. 461.30 and has touched a high and low of Rs. 469.15 and Rs. 461.30 respectively. So far 40088 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. 497.60 and Rs. 458.50 respectively. The current market cap of the company is Rs. 45343.02 crore.

The promoters holding in the company stood at 36.14%, while institutions and non-institutions held 50.47% and 13.40% respectively.

Tech Mahindra is planning to train an additional 10,000 employees on automation in 2017 as the country’s fifth largest IT firm is expanding its focus on new technologies to become more competitive. So far around 11,000 employees have been training in automation technologies.

During the first two quarters, the company generated productivity worth over 3,200 persons in different projects. At the end of September 2017 quarter, the company had a total headcount of 1,17,225 people. Of these, 75,587 people were in software business, while 35,287 were part of BPO operations.

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

1221.20 -8.30 (-0.68%)
29-Sep-2023 11:33 View Price Chart
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