Tech Mahindra jumps on partnering with Avarn Security

Tech Mahindra Ltd. | IT - Software | IT & ITES | BSE: 532755 | NSE: TECHM

03 Jun 2022 Evaluate

Tech Mahindra is currently trading at Rs. 1161.40, up by 15.25 points or 1.33% from its previous closing of Rs. 1146.15 on the BSE.

The scrip opened at Rs. 1159.10 and has touched a high and low of Rs. 1181.95 and Rs. 1158.50 respectively. So far 84630 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1837.75 on 30-Dec-2021 and a 52 week low of Rs. 1006.80 on 03-Jun-2021.

Last one week high and low of the scrip stood at Rs. 1196.65 and Rs. 1132.00 respectively. The current market cap of the company is Rs. 113239.29 crore.

The promoters holding in the company stood at 35.26%, while Institutions and Non-Institutions held 52.49% and 12.25% respectively.

Tech Mahindra has entered into a partnership with Avarn Security, a leading security group in Nordics region. Tech Mahindra will be an end-to-end IT services partner to Avarn’s technology driven operations & Digital transformation.

As Avarn embarks on a digital transformation journey, Tech Mahindra will transform their current operating models across Finance and Accounting (F&A), Human Resource Services (HR), and Information Technology (IT) to support and deliver a complete technology services revamp. The partnership will enable Avarn to deepen its focus on customer centricity and become a fully digital led enterprise.

Through this partnership, Tech Mahindra will onboard close to 100 new associates from Avarn which will further sharply increase Tech Mahindra’s native resource presence in Nordics and help establish a niche in the security industry. Tech Mahindra will invest in upskilling and reskilling of the new workforce to continue its commitment of being future-ready.

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.

Tech Mahindra Share Price

1410.40 -10.70 (-0.75%)

03-Jul-2026 16:59 View Price Chart

Peers

Company Name	CMP
TCS	2092.75
Infosys	1047.00
HCL Technologies	1139.85
Wipro	176.10
Tech Mahindra	1410.40
View more..

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