Tech Mahindra is currently trading at Rs. 522.85, up by 4.25 points or 0.82% from its previous closing of Rs. 518.60 on the BSE.
The scrip opened at Rs. 523.95 and has touched a high and low of Rs. 524.15 and Rs. 509.20 respectively. So far 64895 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. 470.25 on 23-Mar-2020.
Last one week high and low of the scrip stood at Rs. 533.10 and Rs. 500.15 respectively. The current market cap of the company is Rs. 50262.96 crore.
The promoters holding in the company stood at 35.87%, while Institutions and Non-Institutions held 52.86% and 11.26% respectively.
Tech Mahindra is collaborating with IBM to help businesses transform their operations and accelerate their hybrid cloud strategies. Tech Mahindra will help clients migrate core business applications to the IBM public cloud using IBM Cloud Paks.
As part of this relationship, IBM and Tech Mahindra will establish innovation centers designed to help address complex business problems across industries, including telecommunication, manufacturing, financial services, insurance, retail and healthcare. The first center is planned to open in Bengaluru, India, later this year and specialize in transformation solutions built with IBM Cloud Paks, enterprise-ready containerized software solutions running on Red Hat OpenShift. Tech Mahindra currently plans to open additional centers throughout North America and the United Kingdom in 2020.
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.