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Tech Mahindra rises on inking MoU with Marshall Group

29 Aug 2024 Evaluate

Tech Mahindra is currently trading at Rs. 1644.15, up by 16.80 points or 1.03% from its previous closing of Rs. 1627.35 on the BSE.

The scrip opened at Rs. 1630.00 and has touched a high and low of Rs. 1655.80 and Rs. 1623.70 respectively. So far 37475 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1664.15 on 28-Aug-2024 and a 52 week low of Rs. 1089.00 on 26-Oct-2023.

Last one week high and low of the scrip stood at Rs. 1664.15 and Rs. 1592.00 respectively. The current market cap of the company is Rs. 160539.32 crore.

The promoters holding in the company stood at 35.05%, while Institutions and Non-Institutions held 54.11% and 10.85% respectively.

Tech Mahindra has signed a Memorandum of Understanding (MoU) with Marshall Group, a specialist in engineering services for the aerospace and defense industry. The collaboration will combine the organizations' advanced engineering capabilities and cutting-edge digital solutions to drive innovation and sustainability in the aerospace and defense sectors.

The company will support Marshall’s engineering programs in aircraft design and manufacture, special mission platforms, and the development of digital maintenance, repair, and overhaul (MRO) technologies. Marshall will leverage the company’s expertise in data analytics and intelligent field support technologies to enhance its infrastructure solutions’ operational efficiency and reliability. Additionally, the company will engage in advanced design projects focused on developing future hydrogen fuel systems, aiming to replace fossil fuels and promote sustainability in aviation. 

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

1511.85 20.95 (1.41%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
TCS 2581.65
Infosys 1318.60
HCL Tech. 1442.50
Wipro 204.35
Tech Mahindra 1511.85
View more..

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