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Tech Mahindra rises on launching AceFin to assist CFOs in driving profitability, growth

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

29 Mar 2023 Evaluate

Tech Mahindra is currently trading at Rs. 1079.90, up by 9.65 points or 0.90% from its previous closing of Rs. 1070.25 on the BSE.

The scrip opened at Rs. 1075.00 and has touched a high and low of Rs. 1081.75 and Rs. 1065.20 respectively. So far 30314 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1537.55 on 29-Mar-2022 and a 52 week low of Rs. 944.10 on 17-Jun-2022.

Last one week high and low of the scrip stood at Rs. 1118.35 and Rs. 1066.30 respectively. The current market cap of the company is Rs. 105066.68 crore.

The promoters holding in the company stood at 35.19%, while Institutions and Non-Institutions held 51.86% and 12.95% respectively.

Tech Mahindra has launched AceFin, a cognitive AI-based Business Process-as-a-Service (BPaaS) solution designed to provide actionable insights (tactical & strategic) for Chief Finance Officers (CFOs). The solution integrates data sources from various IT systems ensuring ‘Single Source of Truth’ that enables timely decision making and maintenance of best-in-class standards in the finance function.

AceFin will support CFOs in tracking company-wide financial and productivity metrics across business units and geographies. The solution will enable area-specific deep dives and drilldowns into any business area or process. AceFin capabilities will allow CFOs with end-to-end finance insights through greater visibility, and accessibility by bringing together various finance data elements in real-time. The solution will empower CFOs and their teams to stay on top of problems across business functions and address them in a timely manner by escalating them to the appropriate stakeholders.

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

1506.00 -5.85 (-0.39%)

20-Apr-2026 14:12 View Price Chart

Peers

Company Name	CMP
TCS	2583.80
Infosys	1315.20
HCL Tech.	1430.45
Wipro	202.70
Tech Mahindra	1506.00
View more..

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Tech Mahindra rises on launching AceFin to assist CFOs in driving profitability, growth

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