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Tech Mahindra shines on expectation of securing $20-million green-field implementation deal

10 Jun 2013

Tech Mahindra is currently trading at Rs. 938.00, up by 1.25 points or 0.13% from its previous closing of Rs. 936.75 on the BSE.

The scrip opened at Rs. 944.90 and has touched a high and low of Rs. 950.00 and Rs. 934.00 respectively. So far 15379 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. 661.00 on 12-Jun-2012.

Last one week high and low of the scrip stood at Rs. 976.00 and Rs. 910.00 respectively. The current market cap of the company is Rs. 12051.64 crore.

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

Tech Mahindra, a specialist provider of solutions and services to the telecommunications industry, is likely to bag $20-million green-field implementation deal from Surfline, one of the newest entrants to Ghana’s wireless broadband space.

As per the contract, Tech Mahindra will develop, set up and manage the IT services capabilities required for the roll-out of Surfline’s offerings.

Tech Mahindra is a leading provider of solutions and services to the telecommunications industry with a majority stake owned by Mahindra & Mahindra.

Related Tech Mahindra Ltd. Links:

Tech Mahindra Share Price

1066.90 -2.25 (-0.21%) Jun 15, 18:01
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323