Tech Mahindra gains as its arm launches platform for Context Aware Mobile Commerce

03 May 2013

Tech Mahindra is currently trading at Rs. 976.50, up by 13.20 points or 1.37% from its previous closing of Rs. 963.30 on the BSE.

The scrip opened at Rs. 962.20 and has touched a high and low of Rs. 982.50 and Rs. 955.00 respectively. So far 26,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1123.80 on 04-Mar-2013 and a 52 week low of Rs. 591.05 on 18-May-2012.

Last one week high and low of the scrip stood at Rs. 979.00 and Rs. 922.85 respectively. The current market cap of the company is Rs. 12,495 crore.

The promoters holding in the company stood at 47.41% while Institutions and Non-Institutions held 43.34% and 9.26% respectively.

Mahindra Satyam and Tech Mahindra’s arm 'CanvasM Technologies' have jointly launch platform for Context Aware Mobile Commerce. The companies has created this aggregation gateway to change the way organizations ensure relevant experience for customers. This will create entire new business model for information exchange that the current technology and infrastructure do not allow.The platform is one of the first offering as a digital Enterprise powered by NMACS. It leverages the expertise in Telecom and Networks, leadership position in Analytics and security powered by its capability in the Mobility and Social space.

Further, the current version of the gateway allows enterprise customers to use components such as Analytics Engine, location enabler for creating geo-fences, Messaging enabler for creating dialogues , privacy modulation of mobile customers.

Moreover, the platform which was in beta production for the last 12 months was conceptualized as part of a collaboration program with Singapore Government. It is currently being evaluated by a global payment card company and one of the ministries in Singapore.

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Tech Mahindra Share Price

959.50 -8.75 (-0.90%) Mar 05, 18:59
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