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Tech Mahindra gains on partnering with Adjoint for blockchain solution

29 Aug 2019

Tech Mahindra is currently trading at Rs. 692.00, up by 1.45 points or 0.21% from its previous closing of Rs. 690.55 on the BSE.

The scrip opened at Rs. 691.25 and has touched a high and low of Rs. 692.00 and Rs. 680.90 respectively. So far 17286 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 846.00 on 02-May-2019 and a 52 week low of Rs. 607.90 on 31-Jul-2019.

Last one week high and low of the scrip stood at Rs. 694.05 and Rs. 670.35 respectively. The current market cap of the company is Rs. 66574.87 crore.

The promoters holding in the company stood at 35.90%, while Institutions and Non-Institutions held 50.80% and 13.12% respectively.

Tech Mahindra and Adjoint, a global leader in innovative financial technology, have collaborated for industry’s first Blockchain solution for secure enterprise financial management and insurance services across locations to create a seamless and reliable customer experience.

With this solution customers will be saving up to $4 million for every 1 billion of financial risk management and banking relationships. The solution is built upon Uplink, an open source distributed ledger platform designed to improve efficiency, security and compliance in modern financial processes.

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.

Related Tech Mahindra Ltd. Links:

Tech Mahindra Share Price

1073.35 9.40 (0.88%) Jun 11, 18:01
1 Year Price Chart
Peers
Company Name CMP
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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