Tech Mahindra surges on inking two deals in Latin America

02 Aug 2013

Tech Mahindra is currently trading at Rs 1263.00, up by 11.80 points or 0.94% from its previous closing of Rs 1251.20 on the BSE.

The scrip opened at Rs 1255.80 and has touched a high and low of Rs 1275.00 and Rs 1251.45 respectively. So far 52879 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 1262.00 on 30-Jul-2013 and a 52 week low of Rs 717.00 on 02-Aug-2012.

Last one week high and low of the scrip stood at Rs 1275.00 and Rs 1182.00 respectively. The current market cap of the company is Rs 29442.27 crore.

The promoters holding in the company stood at 47.17%, while Institutions and Non-Institutions held 42.62% and 10.22% respectively.

Tech Mahindra’s Brazilian subsidiary, Complex IT has signed two deals to deliver Enterprise Solutions, one with a company in Oil & Gas and one with a Bank. The first project is with Schahin Petroleo to deliver a new enterprise business solution for the operations of the Oil and Gas division of the Schahin Group. The project includes implementation of SAP ERP and addresses business pain points around complex supply chain logistics and strengthening of the integration process.

Menwhile, Complex IT has also signed a transformational contract with a leading bank in Brazil to deliver enterprise business solutions for SAP demands on AMS, Projects and on-going demands. This will help them overcome High Complexity environment and helping internal SLA.

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:

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