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Tech Mahindra surges on partnering with TOTSCo to develop message-exchange platform

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

20 Feb 2024 Evaluate

Tech Mahindra is currently trading at Rs. 1319.15, up by 9.95 points or 0.76% from its previous closing of Rs. 1309.20 on the BSE.

The scrip opened at Rs. 1317.85 and has touched a high and low of Rs. 1322.00 and Rs. 1302.30 respectively. So far 22495 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1416.00 on 23-Jan-2024 and a 52 week low of Rs. 982.95 on 28-Apr-2023.

Last one week high and low of the scrip stood at Rs. 1322.00 and Rs. 1282.45 respectively. The current market cap of the company is Rs. 128567.17 crore.

The promoters holding in the company stood at 35.11%, while Institutions and Non-Institutions held 53.67% and 11.23% respectively.

Tech Mahindra has entered into a strategic partnership with TOTSCo (The One Touch Switching Company) to design, build and operate a message-exchange platform for the UK telecom industry. The platform will be used by all UK retail communications service providers to enable the new one touch switch process for residential fixed broadband and voice services.

The platform is built with a state-of-the-art cloud-native architecture that ensures security, robustness, and scalability. This will allow consumers to switch telecom service providers seamlessly and take advantage of the range of services available. Easier switching allows end users to choose the best price and service as per their requirements.

TOTSCo Hub will utilize Comviva’s BlueMarble Business Support System (BSS) platform and WSO2 software for user management and messaging API (Application Programming interface). Together, Tech Mahindra and TOTSCo will support the management of the platform which will facilitate easy integration of delivery and operations teams across multiple domains such as business, IT, infrastructure, and security.

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

1513.80 1.95 (0.13%)

20-Apr-2026 11:11 View Price Chart

Peers

Company Name	CMP
TCS	2575.80
Infosys	1315.25
HCL Tech.	1430.80
Wipro	203.10
Tech Mahindra	1513.80
View more..

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Tech Mahindra surges on partnering with TOTSCo to develop message-exchange platform

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