Tech Mahindra gains on expecting 30-40% growth in cyber security business

09 Oct 2018

Tech Mahindra is currently trading at Rs. 696.35, up by 1.35 points or 0.19% from its previous closing of Rs. 695.00 on the BSE.

The scrip opened at Rs. 696.05 and has touched a high and low of Rs. 705.00 and Rs. 690.30 respectively. So far 45000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 780.05 on 03-Oct-2018 and a 52 week low of Rs. 453.15 on 24-Oct-2017.

Last one week high and low of the scrip stood at Rs. 780.05 and Rs. 684.10 respectively. The current market cap of the company is Rs. 68342.06 crore.

The promoters holding in the company stood at 35.98%, while Institutions and Non-Institutions held 51.66% and 12.37% respectively.

Tech Mahindra is expecting 30-40% growth in its cyber security business, at least for the next three years. The company recently signed partnership pact with security arm of Israel government-run Israel Aerospace Industries (IAI) to provide and develop a technical security solution for utility firms and critical infrastructure.

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

758.00 -6.70 (-0.88%) Dec 06, 18:01
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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