Tech Mahindra jumps on collaborating with ChampTrax Technologies

22 May 2020 Evaluate
Tech Mahindra is currently trading at Rs. 525.00, up by 5.10 points or 0.98% from its previous closing of Rs. 519.90 on the BSE.

The scrip opened at Rs. 515.00 and has touched a high and low of Rs. 527.85 and Rs. 515.00 respectively. So far 22481 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 845.70 on 20-Feb-2020 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. 527.85 and Rs. 501.50 respectively. The current market cap of the company is Rs. 50821.02 crore.

The promoters holding in the company stood at 35.85%, while Institutions and Non-Institutions held 53.04% and 11.11% respectively.

Tech Mahindra and ChampTrax Technologies, a Canadian sports startup, have collaborated to develop a solution to create stadium like-experience at home for global sports fans. Through this partnership, Tech Mahindra and ChampTrax Technologies will provide a solution to herald the next generation fan and player engagement leveraging digital and virtual technologies.

Tech Mahindra and ChampTrax Technologies will also work on 5G related use cases for introducing holographic virtual fan to the stadium. As part of the collaboration, Tech Mahindra will also support ChampTrax Technologies to reach wider markets and audiences for HearMeCheer solution that aggregates ‘crowd noise’ from at-home spectators real-time, during live games played in fan free stadiums and venues.

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

1250.40 -3.25 (-0.26%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
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Tech Mahindra 1250.40
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