Tech Mahindra is currently trading at Rs. 728.95, up by 23.15 points or 3.28% from its previous closing of Rs. 705.80 on the BSE.
The scrip opened at Rs. 706.00 and has touched a high and low of Rs. 730.80 and Rs. 701.10 respectively. So far 73646 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. 463.00 on 05-Dec-2017.
Last one week high and low of the scrip stood at Rs. 730.80 and Rs. 685.00 respectively. The current market cap of the company is Rs. 71436.76 crore.
The promoters holding in the company stood at 35.96%, while Institutions and Non-Institutions held 51.77% and 12.28% respectively.
Tech Mahindra is looking at upcoming 5G rollouts in global markets as a big opportunity. The communication vertical accounted for 41.5 percent of its Rs 8,629 crore revenue in the September quarter. The revenue share of the segment had stood at 45.2 percent in Q1FY18, which had steadily declined to 39.6 percent by Q1FY19 before going up.
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.